6467.0 - Selected Living Cost Indexes, Australia, Dec 2016 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/02/2017   
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DECEMBER KEY FIGURES

Sep Qtr 2016 to Dec Qtr 2016
Dec Qtr 2015 to Dec Qtr 2016
Weighted average of eight capital cities, All groups
% change
% change

Selected Living Cost Indexes (LCIs) - Household type:
Pensioner and Beneficiary LCI (PBLCI)
0.6
1.7
Employee LCI
0.3
1.0
Age pensioner LCI
0.3
1.6
Other Government Transfer Recipient LCI
0.7
1.8
Self-funded Retiree LCI
0.6
1.4
Consumer Price Index (CPI)
0.5
1.5


Percentage change for Household type
Graph: Graph Percentage change for Household type



DECEMBER KEY POINTS


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2017 3 May 2017
June 2017 2 August 2017
September 2017 1 November 2017
December 2017 7 February 2018



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 December quarter 2016, the living costs of pensioner and beneficiary households (PBLCI) rose 0.6%. Over the same period, the living costs of other government recipient households rose 0.7% and self-funded retiree households rose 0.6%. Employee households and age pensioner households both rose 0.3%. For more information about the December quarter 2016 results, see Main Contributors to Change.

These differences arise for a number of reasons. 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 CPI series. 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 Explanatory Notes.