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6467.0 - Selected Living Cost Indexes, Australia, Jun 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/07/2013   
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MAIN CONTRIBUTORS TO CHANGE


PENSIONER AND BENEFICIARY HOUSEHOLDS

The PBLCI rose 0.3% for the June quarter 2013. The main contributor to the rise was alcohol and tobacco (+1.8%), partially due to the flow–on effects of the federal excise tax increase on 1 February 2013. Clothing and footwear (+2.8%) and housing (+0.7%) also contributed to the rise.

Transport (–1.1%) contributed the most significant partial offset, driven by a fall in automotive fuel.

The PBLCI recorded a smaller rise than the CPI (+0.4%) in the June quarter 2013. The fall in interest charges, which for conceptual reasons is not included in the CPI, contributed to the difference.

The PBLCI rose 2.5% through the year to the June quarter 2013 compared to the CPI which rose 2.4% through the year to the June quarter 2013.


EMPLOYEE HOUSEHOLDS

The living cost index for employee households rose 0.2% for the June quarter 2013. The main contributor to the rise was alcohol and tobacco (+1.3%), partially due to the flow–on effects of the federal excise tax increase on 1 February 2013. Clothing and footwear (+2.6%) and health (+1.8%) also contributed to the rise.

The most significant partially offsetting fall was recorded for insurance and financial services (–0.9%), driven by a fall in interest charges. Transport (–0.9%) and recreation and culture (–0.8%) also recorded falls this quarter.

The LCI for employee households recorded a smaller rise than the CPI (+0.4%) for the June quarter 2013. 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 1.4% through the year to the June quarter 2013 compared to the CPI which rose 2.4% through the year to the June quarter 2013.


AGE PENSIONER HOUSEHOLDS

The living cost index for age pensioners rose 0.3% for the June quarter 2013. The main contributors to the rise were clothing and footwear (+2.6%), alcohol and tobacco (+1.2%) and health (+0.9%).

The most significant partially offsetting fall was recorded for transport (–1.2%), driven by falls in automotive fuel.

The LCI for age pensioner households recorded a smaller rise than the CPI (+0.4%) in the June quarter 2013. Age pensioner households have a relatively lower proportion of expenditure on housing, which recorded a rise this quarter.

The LCI for age pensioner households rose 2.6% through the year to the June quarter 2013 compared to the CPI which rose 2.4% through the year to the June quarter 2013.


OTHER GOVERNMENT TRANSFER RECIPIENT HOUSEHOLDS

The living cost index for other government transfer recipient households rose 0.4% for the June quarter 2013. The main contributor to the rise was alcohol and tobacco (+2.1%), partially due to the flow–on effects of the federal excise tax increase on 1 February 2013. Housing (+0.7%) and clothing and footwear (+3.0%) also contributed to the rise.

The most significant partially offsetting fall was recorded for transport (–1.2%) which was driven by a fall in automotive fuel.

The LCI for other government transfer recipient households recorded the same rise as the CPI (+0.4%) for the June quarter 2013. Other government transfer recipient households have a relatively higher proportion of expenditure on alcohol and tobacco, which recorded a rise this quarter. This was offset by the fall in interest charges, which for conceptual reasons is not included in the CPI.

The LCI for other government transfer recipient households rose 2.5% through the year to the June quarter 2013 compared to the CPI which rose 2.4% through the year to the June quarter 2013.


SELF–FUNDED RETIREE HOUSEHOLDS

The living cost index for self–funded retiree households rose 0.2% for the June quarter 2013. The main contributor to the rise was health (+2.0%), which was driven by increases in private health fund premiums effective from 1 April 2013. Clothing and footwear (+2.5%) and alcohol and tobacco (+1.3%) also contributed to the rise.

The most significant partially offsetting fall was recorded in recreation and culture (–1.2%), driven by a fall in domestic holiday travel and accommodation.

The LCI for self–funded retiree households recorded a smaller rise than the CPI (+0.4%) in the June quarter 2013. This is due to self–funded retiree households having a relatively higher proportion of expenditure on recreation and culture which recorded a fall this quarter.

The LCI for self–funded retiree households rose 2.2% through the year to the June quarter 2013 compared to the CPI which rose 2.4% through the year to the June quarter 2013.

Percentage change, Commodity group – March Quarter 2013 to June Quarter 2013

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
0.1
0.1
0.0
0.1
0.1
0.1
Alcohol and tobacco
1.8
1.3
1.2
2.1
1.3
1.3
Clothing and footwear
2.8
2.6
2.6
3.0
2.5
2.7
Housing(a)
0.7
0.5
0.3
0.7
0.2
0.6
Furnishings, household equipment and services
0.6
0.9
0.6
0.6
0.7
1.0
Health
0.7
1.8
0.9
0.2
2.0
1.9
Transport
-1.1
-0.9
-1.2
-1.2
-0.8
-0.9
Communication
0.4
0.4
0.5
0.4
0.5
0.4
Recreation and culture
-0.5
-0.8
-0.6
-0.5
-1.2
-0.8
Education
-0.2
-0.1
-0.2
-0.3
-0.1
-0.1
Insurance and financial services(b)
-0.6
-0.9
-0.3
-0.8
-0.1
0.3
All groups
0.3
0.2
0.3
0.4
0.2
0.4

(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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