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The Pensioner and Beneficiary Living Cost Index (PBLCI) is designed to measure the impact of price change on the disposable incomes of households whose income is derived principally from government pensions or benefits. As a living cost index, the PBLCI has 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. The PBLCI will be used by the government to inform policy decisions relating to the indexation of base pension rates.
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