release time:

2014-01-29 14: 47: 09


Australia Daily

Editor in charge: Catherine

(Report from this newspaper) The Australian Bureau of Statistics (ABS) released on Wednesday the fourth quarter of 2013 Australians’ cost of living index showed that the typical Australian working-class cost pressure has eased, but retirees live with those Australians who receive relief. The cost pressure has not changed significantly.

According to ABS data, the cost of living of Australian working-class workers increased by only 2013% in the year ended December 12, which was far below the 1.3% increase in average wages and the 2.7% increase in the Consumer Price Index (CPI).

The estimated increase in the cost of living is also lower than the official CPI data. The former includes mortgage repayments. Due to reduced official profits, this part of the cost will also decrease.

But for those Australians who rely on welfare, old-age pensions and pensions, their cost of living has increased by 2.4% in the past year, slightly below the CPI.

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