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6467.0 - Selected Living Cost Indexes, Australia, Dec 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/01/2013   
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MAIN CONTRIBUTORS TO CHANGE


PENSIONER AND BENEFICIARY HOUSEHOLDS

The PBLCI rose 0.1% for the December quarter 2012. The main contributor to the rise was transport (+1.0%), mainly due to rises in automotive fuel. Housing (+0.4%) also contributed to the rise, largely due to rises in rents.

Health (-2.6%) contributed the most significant partial offset, largely due to a fall in pharmaceutical products.

The PBLCI recorded a smaller rise than the CPI (+0.2%) in the December quarter 2012. Pensioner and beneficiary households have a relatively higher proportion of expenditure on food and non-alcoholic beverages than the CPI population, which fell this quarter. Further, pensioner and beneficiary households have a relatively lower proportion of expenditure on transport than the CPI population, which recorded the largest rise this quarter.

The PBLCI rose 2.3% through the year to the December quarter 2012 compared to the CPI which rose 2.2% through the year to the December quarter 2012.


EMPLOYEE HOUSEHOLDS

The living cost index for employee households rose 0.1% for the December quarter 2012. The main contributor to the rise was recreation and culture (+0.7%), mainly due to rises in domestic holiday travel and accommodation. Transport (+0.6%) also contributed to the rise, largely due to rises in automotive fuel.

The most significant partially offsetting fall was recorded for insurance and financial services (-0.5%), mainly due to a fall in interest charges. Furnishings, household equipment and services (-0.6%) also fell largely due to falls in furniture, glassware, tableware and household utensils and major household appliances.

The LCI for employee households recorded a smaller rise than the CPI (+0.2%) for the December quarter 2012. Employee households have a relatively lower proportion of expenditure on housing than the CPI population, which recorded a rise this quarter. This was further offset by the fall in interest charges, which for conceptual reasons is not included in the CPI.

The LCI for employee households rose 1.1% through the year to the December quarter 2012 compared to the CPI which rose 2.2% through the year to the December quarter 2012.


AGE PENSIONER HOUSEHOLDS

The living cost index for age pensioners remained unchanged for the December quarter 2012. Increases recorded for transport (+1.1%), recreation and culture (+0.7%) and insurance and financial services (+1.5%) were offset by falls in health (-2.4%) and food and non-alcoholic beverages (-0.3%).

The LCI for age pensioner households remained unchanged compared to a rise in the CPI (+0.2%) for the December quarter 2012. Age pensioner households have a relatively higher proportion of expenditure on food and non-alcoholic beverages and health than the CPI population, both of which recorded a fall this quarter.

The LCI for age pensioner households rose 2.4% through the year to the December quarter 2012 compared to the CPI which rose 2.2% through the year to the December quarter 2012.


OTHER GOVERNMENT TRANSFER RECIPIENT HOUSEHOLDS

The living cost index for other government transfer recipient households rose 0.2% for the December quarter 2012. The main contributor to the rise was housing (+0.4%), largely due to increases in rents. Transport (+0.9%) also contributed to the rise, largely driven by an increase in automotive fuel.

The most significant partially offsetting fall was recorded for health (-3.1%) which was driven by a fall in pharmaceutical products. Furnishings, household equipment and services (-0.7%) also fell due to a fall in furniture.

The LCI for other government transfer recipient households recorded the same rise as the CPI (+0.2%) for the December quarter 2012. Other government transfer recipient households have a relatively higher proportion of expenditure on housing, which recorded a rise this quarter. Other government transfer recipient households also have a relatively higher proportion of expenditure on food and non-alcoholic beverages and insurance and financial services which both recorded falls this quarter.

The LCI for other government transfer recipient households rose 2.2% through the year to the December quarter 2012 which is the same as the rise recorded for the CPI (+2.2%) through the year to the December quarter 2012.


SELF-FUNDED RETIREE HOUSEHOLDS

The living cost index for self-funded retiree households rose 0.3% for the December quarter 2012. The main contributor to the rise was recreation and culture (+1.3%), mainly due to rises in domestic holiday travel and accommodation. Transport (+0.6%), insurance and financial services (+1.4%) and communication (+1.3%) also contributed to the rise largely due to rises in automotive fuel, insurance and telecommunication equipment and services respectively.

The most significant partially offsetting fall was recorded for health (-1.0%) which was driven by a fall in pharmaceutical products.

The LCI for self-funded retiree households recorded a larger rise than the CPI (+0.2%) for the December quarter 2012. Self-funded retiree households have a relatively higher proportion of expenditure on recreation and culture which recorded a rise this quarter.

The LCI for self-funded retiree households rose 1.9% through the year to the December quarter 2012 compared to the CPI which rose 2.2% through the year to the December quarter 2012.

Percentage change, Commodity group - September Quarter 2012 to December Quarter 2012

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
-0.3
-0.1
-0.3
-0.3
-0.3
-0.1
Alcohol and tobacco
0.4
0.1
0.2
0.5
0.3
0.2
Clothing and footwear
0.2
0.9
0.3
0.2
0.4
0.8
Housing(a)
0.4
0.3
0.1
0.4
0.1
0.2
Furnishings, household equipment and services
-0.6
-0.6
-0.5
-0.7
-0.6
-0.6
Health
-2.6
-0.7
-2.4
-3.1
-1.0
-0.9
Transport
1.0
0.6
1.1
0.9
0.6
0.7
Communication
1.3
1.3
1.3
1.3
1.3
1.3
Recreation and culture
0.5
0.7
0.7
0.5
1.3
0.6
Education
0.1
0.1
0.1
0.1
0.0
0.0
Insurance and financial services(b)
0.4
-0.5
1.5
-0.1
1.4
1.5
All groups
0.1
0.1
0.0
0.2
0.3
0.2

(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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