"The CPI, on the other hand, is designed to measure price inflation for the household sector as a whole and is not the conceptually ideal measure for assessing the changes in the purchasing power of the disposable incomes of households." And to add to the confusion, the ABS says the Pensioner and Beneficiary Living Cost Index (PBLCI) is their conceptually preferred measure for assessing the impact of changes in prices on the disposable incomes of households whose income is derived principally from government pensions or benefits. And the ABS says the cost of Pharmaceutical products and Medical and hospital services rose due to the cyclical reduction in the proportion of households who qualify for subsidies under the PBS and Medicare Safety Net, with the safety net thresholds for both resetting from 1 January each year.
Author: David Chau
Published at: 2025-05-06 22:04:25
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