2024 Cpi Forecast Australia. It was the first increase in annual cpi figures since q4 of 2022, amid higher inflation for both goods (3.2% vs. Our forecasts have annual headline inflation ending 2024 a touch above the rba’s two to three per cent target band, before falling into the band in 2025.

Given today’s cpi indicator imparts some downside risk to our quarterly inflation forecast (0.7%q/q) we maintain our call for the rba to cut 25bp in february. Prior to the release of the consumer price index (cpi), markets had priced in around a 30 per cent chance of an interest rate cut by the end of the year, according to bloomberg analysis.