For the first time in nearly five years, pensioners are feeling a slight cost-of-living relief, according to the latest data from the Australian Bureau of Statistics.
For the first time in nearly five years, pensioners are feeling a slight cost-of-living relief, according to the latest data from the Australian Bureau of Statistics .
Australian National University economic and social researcher Ben Phillips said it was unusual to have a decline. "Lower prices for electricity due to the 2024-25 Commonwealth Energy Bill Relief fund rebates impacted living costs this quarter," said Michelle Marquardt, the bureau's head of prices statistics.Aged pensioners also benefited from government subsidies such as rent assistance, which increased by 10 per cent in September last year.
Employee households saw the largest rise in living costs this quarter, up 0.4 per cent, which was attributed to mortgage interest changes.
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