|Dec Qtr 2021 to Mar Qtr 2022||Mar Qtr 2021 to Mar Qtr 2022|
|Weighted average of eight capital cities, All groups||% change||% change|
|Selected Living Cost Indexes (LCIs) - Household type:|
|Pensioner and beneficiary LCI (PBLCI)||2.2||4.6|
|Age pensioner LCI||2.3||4.9|
|Other government transfer recipient LCI||2.1||4.3|
|Self-funded retiree LCI||1.8||4.4|
|Consumer Price Index (CPI)||2.1||5.1|
In the March 2022 quarter, all five LCIs rose:
- Age pensioner and Other government transfer recipient households recorded the largest quarterly rises since the September 2000 quarter, following the introduction of the GST.
- Pensioner and beneficiary households (which includes Age pensioners and Other government transfer recipients) recorded the largest quarterly rise since the beginning of the series in 2007.
The largest contributors to the rises were:
- Food and non-alcoholic beverages and Transport for all five household types.
- Supply chain disruptions, high transport, fertiliser, packaging and ingredient costs, and floods affected several Food series, notably Fruit and vegetables and Meat and seafood.
- The Automotive fuel series reached record levels in the March 2022 quarter, due to higher global oil prices amid economic recovery and Russia’s invasion of Ukraine.
- Health was the next largest contributor to rises for four of the five household types: Age pensioner, Other government transfer recipient, Self-funded retiree and Pensioner and beneficiary households.
- Pharmaceutical products and Medical and hospital services rose due to the cyclical decline in the proportion of consumers qualifying for subsidies under the Pharmaceutical Benefits Scheme (PBS) and Medicare safety net. The safety net thresholds for both the PBS and Medicare are reset on 1 January each year.
Over the past twelve months all LCIs rose by between 3.8% and 4.9%:
- Transport was the main contributor for all five household types, with the price of Automotive fuel rising 35.1%.
- Age pensioner households had the highest annual increase (+4.9%). This is the largest annual increase since the September 2006 quarter for this household type. Food and Housing make up a higher proportion of the expenditure for Age pensioner households compared to the other household types.
- Employee households had the lowest annual increase (+3.8%) mainly due to Mortgage interest charges falling over the year. Excluding Mortgage interest charges, the index for this household type would have risen 4.3%.