Australian inflation rate
Australia inflation summary for December 2024
Updated: January 29, 2025
Next update: April 30, 2025
Current Australia inflation rate
December 2024
2.4%
The Consumer Price Index for Australia is 139.4 for the month of December 2024. The inflation rate year over year is 2.4% (compared to 2.8% for the previous quarter). Inflation from September 2024 to December 2024 was 0.2%.
Previous Australia Inflation Rate
September 2024 to December 2024
0.2%
Quarter-to-Quarter Australia Inflation Rate
September 2024
2.8%
Recent inflation rates for Australia
| Year | mar | jun | sep | dec | Annual |
|---|---|---|---|---|---|
| 2024 | 3.6% | 3.8% | 2.8% | 2.4% | 3.2% |
| 2023 | 7.0% | 6.0% | 5.4% | 4.1% | 5.6% |
| 2022 | 5.1% | 6.1% | 7.3% | 7.8% | 6.6% |
| 2021 | 1.1% | 3.8% | 3.0% | 3.5% | 2.9% |
| 2020 | 2.2% | -0.3% | 0.7% | 0.9% | 0.8% |
Additional resources
All inflation rates are calculated using the Australia Consumer Price Index (CPI) series.