2024 Inflation Rate Australia Forecast. That is still some way off from the rba’s targeted. Inflation is forecast to decline to around 3¼ per cent by the end of 2024, and to be within the target range at 2¾ per cent by the end of 2025.
On rates, our view is also unchanged,. The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from.