March key statistics
The Living Cost Indexes (LCI)
The Living Cost Indexes (LCI) have been designed to answer the question:
'By how much would after tax money incomes need to change to allow households to purchase the same quantity of consumer goods and services that they purchased in the base period?'
In the March 2020 quarter, the living costs of pensioner and beneficiary households (PBLCI) rose 0.8%. Over the same period, the living costs of age pensioner households rose 0.8%, other government transfer recipient households rose 0.7%, self funded retiree households rose 0.2% and employee households rose 0.1%. For more information about the March 2020 quarter results see Main Contributors to Change.
The inclusion of mortgage interest and consumer credit charges, and the different treatments of housing and insurance costs in the LCIs result in variations between the LCIs and the Consumer Price Index (CPI). The expenditure patterns of those households measured by the LCIs differ from those of the overall household sector in scope of the CPI; these also contribute to differences in the percentage changes.
For a discussion of the relationship between the LCIs and CPI, see the Methodology.
|Weighted average of eight capital cities, All groups||Dec Qtr 2019 to|
Mar Qtr 2020
|Mar Qtr 2019 to|
Mar Qtr 2020
|Selected Living Cost Indexes (LCIs) - Household type:|
|Pensioner and Beneficiary LCI (PBLCI)||0.8||2.4|
|Age pensioner LCI||0.8||2.4|
|Other Government Transfer Recipient LCI||0.7||2.4|
|Self-funded Retiree LCI||0.2||2.3|
|Consumer Price Index (CPI)||0.3||2.2|