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6467.0 - Selected Living Cost Indexes, Australia, Jun 2014 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 30/07/2014   
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MAIN CONTRIBUTORS TO CHANGE


PENSIONER AND BENEFICIARY HOUSEHOLDS

The PBLCI rose 0.4% in the June quarter 2014. The main contributors to the rise were alcohol and tobacco (+2.0%), clothing and footwear (+1.9%), furnishings, household equipment and services (+1.0%) and food and non-alcoholic beverages (+0.5%). The rise in alcohol and tobacco was partially due to the flow-on effects of the excise tax increase from 1 March 2014.

Transport (-1.0%) contributed the most significant partial offset, largely due to falls in automotive fuel.

The PBLCI recorded a smaller rise than the CPI (+0.5%) in the June quarter 2014. The housing group in the SLCIs does not include new dwelling purchase by owner–occupiers, which was a major contributor to the rise in the CPI this quarter. For further information, see paragraph 14 of the Explanatory Notes.

The PBLCI rose 3.1% through the year to the June quarter 2014 compared to the CPI which rose 3.0% through the year to the June quarter 2014.


EMPLOYEE HOUSEHOLDS

The living cost index for employee households rose 0.4% in the June quarter 2014. The main contributors to the rise were health (+2.5%), alcohol and tobacco (+1.5%) and furnishings, household equipment and services (+1.2%). The rise in health was mainly the result of increases in private health fund premiums effective from 1 April 2014 and the indexation to the Private Health Insurance rebate effective from 1 April 2014. The rise in alcohol and tobacco was partially due to the flow-on effects of the excise tax increase from 1 March 2014.

Transport (-0.8%) contributed the most significant partial offset, largely due to falls in automotive fuel.

The LCI for employee households recorded a smaller rise than the CPI (+0.5%) in the June quarter 2014. The housing group in the SLCIs does not include new dwelling purchase by owner-occupiers, which was a major contributor to the rise in the CPI this quarter. For further information, see paragraph 14 of the Explanatory Notes.

The LCI for employee households rose 2.3% through the year to the June quarter 2014 compared to the CPI which rose 3.0% through the year to the June quarter 2014.


AGE PENSIONER HOUSEHOLDS

The living cost index for age pensioner households rose 0.4% in the June quarter 2014. The main contributor to the rise was health (+1.8%), mainly due to increases in private health fund premiums effective from 1 April 2014 and the indexation to the Private Health Insurance rebate effective from 1 April 2014. Alcohol and tobacco (+1.5%), furnishings, household equipment and services (+0.9%) and food and non-alcoholic beverages (+0.5%) also contributed to the rise.

Transport (-1.0%) contributed the most significant partial offset, largely due to falls in automotive fuel.

The LCI for age pensioner households recorded a slightly smaller rise than the CPI (+0.5%) in the June quarter 2014. The housing group in the SLCIs does not include new dwelling purchase by owner-occupiers, which was a major contributor to the rise in the CPI this quarter. For further information, see paragraph 14 of the Explanatory Notes.

The LCI for age pensioner households rose 3.1% through the year to the June quarter 2014 compared to the CPI which rose 3.0% through the year to the June quarter 2014.


OTHER GOVERNMENT TRANSFER RECIPIENT HOUSEHOLDS

The living cost index for other government transfer recipient households rose 0.4% in the June quarter 2014. The main contributor to the rise were alcohol and tobacco (+2.1%), partially due to the flow-on effects of the excise tax increase from 1 March 2014. Clothing and footwear (+2.0%) also contributed to the rise.

Transport (-1.0%) contributed the most significant partial offset, largely due to falls in automotive fuel.

The LCI for other government transfer recipient households recorded a slightly smaller rise than the CPI (+0.5%) in the June quarter 2014. The housing group in the SLCIs does not include new dwelling purchase by owner-occupiers, which was a major contributor to the rise in the CPI this quarter. For further information, see paragraph 14 of the Explanatory Notes.

The LCI for other government transfer recipient households rose 3.1% through the year to the June quarter 2014 compared to the CPI which rose 3.0% through the year to the June quarter 2014.


SELF-FUNDED RETIREE HOUSEHOLDS

The living cost index for self-funded retiree households rose 0.5% in the June quarter 2014. The main contributors to the rise were health (+3.0%) and alcohol and tobacco (+1.5%).The rise in health was mainly the result of increases in private health fund premiums effective from 1 April 2014 and the indexation to the Private Health Insurance rebate effective from 1 April 2014. The rise in alcohol and tobacco was partially due to the flow-on effects of the excise tax increase from 1 March 2014. Furnishings, household equipment and services (+0.9%) also contributed to the rise.

Transport (-0.8%) contributed the most significant partial offset, largely due to falls in automotive fuel.

The LCI for self-funded retiree households recorded the same movement as the CPI (+0.5%) in the June quarter 2014.

The LCI for self-funded retiree households rose 3.2% through the year to the June quarter 2014 compared to the CPI which rose 3.0% through the year to the June quarter 2014.

Percentage change, Commodity group - March Quarter 2014 to June Quarter 2014

Pensioner and beneficiary LCI
Employee LCI
Age pensioner LCI
Other government transfer recipient LCI
Self-funded retiree LCI
Consumer Price Index (CPI)
Weighted average of eight capital cities
%

Food and non-alcoholic beverages
0.5
0.4
0.5
0.4
0.5
0.4
Alcohol and tobacco
2.0
1.5
1.5
2.1
1.5
1.6
Clothing and footwear
1.9
1.5
1.8
2.0
1.3
1.5
Housing(a)
0.3
0.3
0.1
0.3
0.1
0.8
Furnishings, household equipment and services
1.0
1.2
0.9
1.0
0.9
1.1
Health
1.4
2.5
1.8
0.7
3.0
2.9
Transport
-1.0
-0.8
-1.0
-1.0
-0.8
-0.7
Communication
-1.6
-1.7
-1.7
-1.6
-1.7
-1.7
Recreation and culture
-0.3
-0.3
-0.1
-0.4
-0.3
-0.3
Education
0.1
0.0
0.1
0.0
0.0
0.0
Insurance and financial services(b)
-0.2
0.1
-0.2
-0.2
0.1
0.0
All groups
0.4
0.4
0.4
0.4
0.5
0.5

(a) House purchases are included in the CPI but excluded from the other indexes.
(b) Includes interest charges and general insurance, except for the CPI. Interest charges are excluded from the CPI and general insurance is calculated on a different basis.



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Commonwealth of Australia 2014

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