What Is The Rate Of Inflation 2024 Australia. The most significant price rises this quarter were recreation and culture (+1.3%), food and non. At its august 2024 meeting, the reserve bank board decided to hold the cash rate.

Australia’s central bank held interest rates steady at its last meeting of the year but softened its hawkish tone by noting the board is gaining some confidence that inflation was. Sharon gordon) australia’s inflation rate is at its lowest level since before price shocks.