Inflation Rate 2024 Australian Government. The monthly consumer price index (cpi) indicator rose 2.1 per cent in the 12 months to october 2024, according to the latest data from the australian bureau of statistics. This article provides historical context to the degree of new government spending and discusses the ways that government spending feeds into cpi inflation.
Annual price growth has eased slightly after remaining around 5.0% since august 2023, with builders passing on higher costs for labour and materials. Balance of payments and external position;.