2024 Inflation Rate Australia July. The annual rate of headline inflation fell to 3.5 per cent in july, down from 3.8 per cent in june, which will be welcomed by the reserve bank. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.

It was the lowest figure since. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.