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6467.0 - Selected Living Cost Indexes, Australia, Sep 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/10/2013   
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SEPTEMBER KEY FIGURES

Jun Qtr 2013 to Sep Qtr 2013
Sep Qtr 2012 to Sep Qtr 2013
Weighted average of eight capital cities, All groups
% change
% change

Selected Living Cost Indexes (LCIs) – Household type:
Pensioner and Beneficiary LCI (PBLCI)
1.2
2.0
Employee LCI
0.8
0.9
Age pensioner LCI
1.3
2.0
Other Government Transfer Recipient LCI
1.1
2.0
Self–funded Retiree LCI
1.5
2.0
Consumer Price Index (CPI)
1.2
2.2


Percentage change for Household type – June Quarter 2013 to September Quarter 2013
Graph: Percentage change for Household type—June Quarter 2013 to September Quarter 2013



SEPTEMBER KEY POINTS


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2013 29 January 2014
March 2014 30 April 2014
June 2014 30 July 2014
September 2014 29 October 2014



CHANGES IN THIS ISSUE

This release incorporates revisions to the mortgage interest charges series and aggregate Selected Living Cost Index series for the period from the September quarter 2012 to the June quarter 2013.

The corrected cells have been annotated. The revisions correct a compilation error in the mortgage interest charges series.

ROUNDING

Any discrepancies between totals and sums of components in this publication are due to rounding.


TIME SERIES DATA

Longer time series of statistics presented in this product are available from the Downloads tab for this product on the ABS website. They are available as Time Series Workbooks:

  • TABLE 1. All Groups, Index Numbers and Percentage Changes, by Household Type
  • TABLE 2. Commodity Groups, Index Numbers, Percentage Changes and Points Contributions, by Household Type
  • TABLE 3. Gross Insurance, Mortgage Interest and Consumer Credit, Index Numbers and Percentage Changes, by Household Type.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.


SUMMARY COMMENTARY


THE LIVING COST INDEXES

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 September quarter 2013, changes in the living costs of pensioner and beneficiary households (PBLCI) rose 1.2%. Over the same period, the living costs of self-funded retiree households rose 1.5%, age pensioner households rose 1.3%, other government transfer recipient households rose 1.1% and employee households rose 0.8%. For more information about the September quarter 2013 results, see Main Contributors to Change.

These differences have come about for a number of reasons. The inclusion of mortgage interest and consumer credit charges in the living cost indexes has a significant impact on employee and other government transfer recipient households. The inclusion of mortgage interest and consumer credit charges and the different treatments of housing and insurance in the LCIs result in variations between the LCIs and the CPI series. The expenditure patterns of those households measured by the LCIs differ from those of the overall household sector covered by the CPI; these also contribute to differences in the percentage changes.

For a discussion of the relationship between the LCIs and CPI, see the Explanatory Notes.


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