6467.0 - Selected Living Cost Indexes, Australia, Sep 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/11/2019   
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Main contributors to change

Pensioner and beneficiary households (+0.3%)

  • The main contributor is a rise of 2.4% in alcohol and tobacco, driven by tobacco. The rise in tobacco is due to a 12.5% increase in the federal excise tax and further increase based on the Average Weekly Ordinary Time Earnings (AWOTE) effective 1 September 2019.
  • Housing (+0.7%) also contributed to the rise, driven by property rates and charges, gas and other household fuels and water and sewerage.
  • The main partially offsetting contributor is a 1.5% fall in insurance and financial services, driven by mortgage interest charges following interest rate cuts on home loan products in June and July.
  • The living cost index (LCI) for the pensioner and beneficiary households (PBLCI) recorded a smaller rise compared to the Consumer Price Index (CPI) (+0.5%) this quarter. This is due to a fall in mortgage interest charges which is not included in the CPI and a larger fall in pharmaceutical products.
  • Over the last twelve months the PBLCI rose 1.9% while the CPI rose 1.7%.


Employee households (+0.1%)
  • The main contributor is a rise of 1.6% in recreation and culture, driven by international holiday, travel and accommodation as a result of increased prices for travel to Europe and America during their high tourist season.
  • Alcohol and tobacco (+1.9%) also contributed to the rise, driven by tobacco.
  • The main partially offsetting contributor is a 4.5% fall in insurance and financial services, driven by mortgage interest charges following interest rate cuts on home loan products in June and July.
  • The LCI for employee households recorded a smaller rise compared to the CPI (+0.5%) this quarter.
  • Over the last twelve months the LCI for employee households rose 1.3% while the CPI rose 1.7%.


Age pensioner households (+0.4%)
  • The main contributor is a rise of 1.7% in recreation and culture, driven by international holiday, travel and accommodation as a result of increased prices for travel to Europe and America during their high tourist season.
  • Housing (+0.9%) also contributed to the rise, driven by property rates and charges; and water and sewerage.
  • The main partially offsetting contributor is a 1.1% fall in health, driven by pharmaceutical products due to the cyclical effect of a greater proportion of consumers who qualify for subsidies under the Pharmaceutical Benefits Scheme (PBS), reducing their out-of-pocket expenses.
  • The LCI for age pensioner households recorded a smaller rise compared to the CPI (+0.5%) this quarter.
  • Over the last twelve months the LCI for age pensioner households rose 1.7%, in line with the CPI.


Other government transfer recipient households (+0.3%)
  • The main contributor is a rise of 2.6% in alcohol and tobacco, driven by tobacco. The rise in tobacco is due to a 12.5% increase in the federal excise tax and further increase based on the Average Weekly Ordinary Time Earnings (AWOTE) effective 1 September 2019.
  • Housing (+0.4%) also contributed to the rise, driven by property rates and charges, gas and other household fuels and rents.
  • The main partially offsetting contributor is a 2.9% fall in Insurance and financial services, driven by mortgage interest charges following interest rate cuts on home loan products in June and July.
  • The LCI for other government transfer recipient households recorded a smaller rise compared to the CPI (+0.5%) this quarter.
  • Over the last twelve months the LCI for other government transfer recipient households rose 1.9% while the CPI rose 1.7%.


Self–funded retiree households (+0.9%)
  • The main contributor is a rise of 2.4% in recreation and culture, driven by international holiday, travel and accommodation as a result of increased prices for travel to Europe and America during their high tourist season.
  • The main partially offsetting contributor is a 0.4% fall in health, driven by pharmaceutical products due to the cyclical effect of a greater proportion of consumers who qualify for subsidies under the Pharmaceutical Benefits Scheme (PBS), reducing their out-of-pocket expenses.
  • The LCI for self–funded retiree households recorded a larger rise compared to the CPI (+0.5%) this quarter.
  • Over the last twelve months the LCI for self–funded retiree households rose 1.9% while the CPI rose 1.7%.

Percentage change, Commodity group - June Quarter 2019 to September Quarter 2019

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
0.4
0.4
0.4
0.4
0.4
0.4
Alcohol and tobacco
2.4
1.9
2.1
2.6
1.9
2.0
Clothing and footwear
1.4
1.4
1.4
1.4
1.4
1.5
Housing(a)
0.7
0.5
0.9
0.4
1.0
0.3
Furnishings, household equipment and services
0.8
1.1
0.6
0.9
0.9
1.1
Health
-1.2
-0.1
-1.1
-1.5
-0.4
-0.2
Transport
-0.4
-0.2
-0.5
-0.5
-0.3
-0.3
Communication
-1.1
-1.1
-1.1
-1.1
-1.1
-1.1
Recreation and culture
1.2
1.6
1.7
1.0
2.4
1.5
Education
0.1
0.1
0.1
0.1
0.0
0.1
Insurance and financial services(b)
-1.5
-4.5
-0.2
-2.9
-0.2
0.2
All groups
0.3
0.1
0.4
0.3
0.9
0.5

(a) New dwelling purchase by owner-occupiers are included in the CPI but excluded from the Selected Living Cost Indexes.
(b) The Selected Living Cost Indexes includes interest charges and general insurance. Interest charges are excluded from the CPI and general insurance is calculated on a different basis.