The Australian Bureau of Statistics (ABS) today released its cost of living indices for the March quarter, which revealed zero cost pressures for the typical Australian worker, with pensioners and those on welfare fairing less favourably (see below table).
According to the ABS, the cost of living for households headed by working Australians rose by only 0.9% in the year to March – well below the 2.5% average wages growth and the 1.3% increase in the Consumer Price Index (CPI).
