Cost of living rises above inflation

Wednesday 1 May 2019

The Australian Bureau of Statistics (ABS) has released its cost of living indices for the March quarter, which revealed a rise in cost of living pressures across three out of five cohorts:

According to the ABS, the cost of living for households headed by working Australians rose by only 1.4% in the year to March – above the 1.3% increase in the Consumer Price Index (CPI) but well below the 2.3% increase in Australian wages.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.