Australian Inflation Rate 2024. This was the lowest figure since q4 of 2021, as goods inflation eased for the sixth consecutive quarter (3.1% vs 3.8% in q4) and services inflation slowed for the third straight quarter (4.3% vs 4.6%). The 'inflation %' column indicates how much prices have changed since the previous year.
The latest consumer price index data from the australian bureau of statistics showed prices increased by 1 per cent during the march quarter, leaving the annual inflation rate at 3.6 per cent. At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent.
Michelle Marquardt, Abs Head Of Prices Statistics, Said:
A set of graphs on australian australian inflation from the chart pack.
According To The Bureau Of Statistics, An Underlying Measure Of Inflation โ Called 'Trimmed Mean' Inflation โ Did Pick Up Slightly In February, From 3.8 Per Cent To 3.9 Per Cent.
Australia inflation rate for 2020 was 0.85% , a 0.76% decline from 2019.
Australian Inflation Rate 2024 Images References :
Australia's Inflation Rate Was At 3.6% Yoy In Q1 Of 2024, Down From 4.1% In The Prior Period But Above Market Expectations Of 3.4%.
In 2024 q1, the quarterly inflation rate was 0.96.
Annual Inflation For The Monthly Cpi Indicator Was Steady At 3.4 Per Cent And Remains The Lowest Annual.
A set of graphs on australian australian inflation from the chart pack.