2024 Inflation Rate Australia Vs Us. Annual trimmed mean inflation, which excluded both the significant falls in automotive fuel and electricity, alongside other large price rises and falls, was 3.5% in october, up from 3.2% in september. Australia inflation rate for 2021 was 2.86% , a 2.02% increase from 2020.

Australia’s annual inflation rate dropped to 2.8% in q3 2024 from 3.8% in q2, steeper than market expectations of 2.9%. This marks the fifth consecutive quarter of lower.