Current Inflation Rate Australia 2024. Explore how prices and overall inflation changed over time. Electricity prices rose 0.8% in the 12 months to january 2024, up from a rise of 0.4% in december.
It’s still high and above the rba’s target range. Unemployment will rise slowly but steadily over next two years from 4.2% now to 4.7%.
Australia Inflation Rate For 2022 Was 6.59%, A 3.73% Increase From 2021.
Electricity prices rose 0.8% in the 12 months to january 2024, up from a rise of 0.4% in december.
State Variables In The Smog Model Govern The Evolution Of The Output Gap, Potential Output, And The Trend Unemployment Rate As Follows.
In 2024 q1, the quarterly inflation rate was 0.96.
Current Inflation Rate Australia 2024 Images References :
The Most Significant Price Rises This Quarter Were Rents (+2.1%), Secondary Education (+6.1%), Tertiary Education (+6.5%) And Medical And Hospital Services (+2.3%).
It was 133.90 in the previous year, 2023.
The Inflation Rate Has Declined.
Inflation rate is calculated by change in the consumer price index (cpi).