2024 Inflation Rate Forecast Australia . The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional economists and financial market pricing. The decline in inflation over the remainder of 2023 is expected to be.
This is a slightly slower return to target than forecast in may and is due to greater inflationary pressures in the economy. Australia’s inflation rate peaked in december 2022 at 7.8%, and while it dipped to 3.6% earlier this year, monthly cpi has inched up to 4%.
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