2024 Inflation Rate Australia November. Trimmed mean inflation edged down to 0.8 per cent in the quarter and declined to 3.5 per cent over the year. From 20 september, the maximum rate available for rent assistance increased by 10% on top of the usual biannual cpi indexation.
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. Underlying inflation remains elevated, despite easing in the september quarter.