The Australian Bureau of Statistics (ABS) has released its cost of living indices for the December quarter, which revealed a rise in cost of living pressures across most cohorts:
According to the ABS, the cost of living for households headed by working Australians rose by 1.9% in the year to December – above the 1.8% increase in the Consumer Price Index (CPI) but slightly below the 2.2% increase in Australian wages.
