Inflation Rate For 2024 Australian Government. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. Should inflation keep falling, the rba will likely keep the cash rate unchanged for the.

The government faces arguably its most testing economic fortnight in more than two years in office, starting with the crucial inflation data on wednesday, which is tipped to rise. This marks the fifth consecutive quarter of.