Inflation Rate 2024 Australia. At its meeting today, the board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on exchange settlement balances unchanged at 4.25. The most significant price rises this quarter were rents.

At its meeting today, the board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on exchange settlement balances unchanged at 4.25. Inflation is forecast to average below last year’s level in 2024, driven down by softer activity growth as the effect of past monetary policy tightening filters through the economy.