The ABS has released cost of living indices for June, which has recorded sharp falls across all segments and record falls among employed households related to free childcare and petrol:
According to the ABS:
Large price movements in response to the impacts of COVID-19 in the June 2020 quarter have resulted in the largest fall to date in the living cost index (LCI) for Employee households. The fall was driven by the provision of free child care for Australian families during the quarter, with Employee households having the highest weight for both child care and preschool and primary education (which contains a before and after-school care component) of all the LCIs, as shown in table 1.
