Current Inflation Rate 2024 Australian Economy. Underlying inflation has also eased, albeit more gradually. Tasmania’s labour market has continued to perform well with the unemployment rate at a record low level of 4.1 per cent in july 2024 (in trend terms).
The current headline inflation rate is 6.9%, which was announced in late november as part of the new monthly cpi update. Inflation was going to be 3.9 per cent, not the present 3.6 per cent and headed down, and the reserve bank’s cash rate was going to climb two times in the second half of 2023 from 4.1 per cent to 4.5 per.