Inflation Rate and Consumer Price Index
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Australian inflation rate

Australia inflation summary for December 2023

Updated: January 31, 2024
Next update: April 24, 2024

Current Australia inflation rate

December 2023
4.1%
The Consumer Price Index for Australia is 136.1 for the month of December 2023. The inflation rate year over year is 4.1% (compared to 5.4% for the previous quarter). Inflation from September 2023 to December 2023 was 0.6%.

Previous Australia Inflation Rate

September 2023 to December 2023
0.6%

Quarter-to-Quarter Australia Inflation Rate

September 2023
5.4%

Recent inflation rates for Australia

YearmarjunsepdecAnnual
20237.0%6.0%5.4%4.1%5.6%
20225.1%6.1%7.3%7.8%6.6%
20211.1%3.8%3.0%3.5%2.9%
20202.2%-0.3%0.7%0.9%0.8%
20191.3%1.6%1.7%1.8%1.6%
All inflation rates are calculated using the Australia Consumer Price Index (CPI) series.