2024 Inflation Forecast Australia. The decline in inflation over the remainder of 2023 is expected to be driven by the resolution of supply disruptions and. Insurance and financial services and recreation and culture were the main contributors to.
Consumer price index cpi in australia increased to 139.10 points in the third quarter of 2024 from 138.80 points in the second quarter of 2024. Underlying inflation is forecast to decline over coming years to be around 3 per cent by the end of 2024 (graph 5.2).