Original article by Matthew Cranston
The Australian Financial Review – Page: 5 : 7-Nov-19
Data from the Australian Bureau of Statistics shows that the cost of living for working households increased by 0.1 per cent in the September quarter, and 1.3 per cent in the year to September. This compares with wage growth of 2.3 per cent. The figures also show that the cost of living for age pensioners increased by 0.4 per cent in the September quarter and 1.7 per cent year-on-year. The cost of living for self- funded retirees in turn rose by 0.9 per cent in the quarter and an above-inflation 1.9 per cent in the year to September.
AUSTRALIAN BUREAU OF STATISTICS, BIS OXFORD ECONOMICS PTY LTD, LATERAL ECONOMICS