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6467.0 - Selected Living Cost Indexes, Australia, Sep 2012  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2012   
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These Living Cost Indexes (LCIs) are designed to measure the impact of price change on the disposable incomes of selected household types. The four household types that have been identified as being appropriate for the construction of these living cost indexes are employee households, age pensioner households, other government transfer recipient households, and self-funded retiree households.

The Pensioner and Beneficiary Living Cost Index (PBLCI) is a measure of the effect of changes in price on the out-of-pocket living expenses of age pensioner households and other government transfer recipient households. The PBLCI is used by the government to inform policy decisions relating to the indexation of base pension rates.

The Selected Living Cost Indexes have been constructed using an outlays approach, compared with an acquisitions approach which is used in the CPI to measure price inflation over time for the household sector as a whole.


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