What is a certificate of insurance (COI)?.How much is general liability insurance?.How much does small business insurance cost?.CoverWallet Commercial Insurance Review.Best Workers Compensation Insurance Companies.Best Legal Malpractice Insurance Companies.Business Insurance Business Insurance Business Insurance.Selected Living Cost Indexes (LCIs) by household type and Consumer Price Index (CPI), Australia, annual movement (%) ,[6. Other government transfer recipient LCI (%) Pensioner and beneficiary LCI (PBLCI) (%) Selected Living Cost Indexes (LCIs) by household type and Consumer Price Index (CPI), Australia, annual movement (%) The lower rise for Self-funded retiree households is due to having the highest proportion of spending for International holiday travel and accommodation, which fell due to many destinations entering their off peak seasons. Self-funded retirees recorded the smallest quarterly rise (+1.3%). Mortgage interest charges continued to rise this quarter (+11%), as banks passed on the Reserve Bank of Australia’s (RBA’s) cash rate rises to interest rates for variable and new fixed rate home loans. Mortgage interest charges make up a higher proportion of spending for Employee households. Employee households recorded a rise of 2.0% with Insurance and financial services being the main contributor.The PBS co-payment rose for concession households but fell for non-concession households. The PBS co-payment also changed from 1 January 2023, which had different impacts for different household types.These households recorded a larger rise from the safety net threshold resetting compared with other household types. Pensioner and beneficiary, Age pensioner and Other government transfer recipient households pay concession prices for Pharmaceutical products.The safety net threshold for the PBS resets on 1 January each year. The cost of Pharmaceutical products rose due to the cyclical reduction in the proportion of consumers who qualify for subsidies under the Pharmaceutical Benefits Scheme (PBS).Health and Housing were the main contributors for these household types. Other government transfer recipient households recorded the second largest quarterly rise (+2.1%). Pensioner and beneficiary and Age pensioner households recorded the largest quarterly rises across the five household types (+2.2%).Pensioner and beneficiary, Age pensioner and Other government transfer recipient LCIs Insurance and financial services rose due to increases in Mortgage interest charges.Food rose as Fruit and vegetables prices increased due to weather related impacts in 2022, and Snacks and confectionary prices rose due to higher input costs flowing through to consumers.Gas prices also rose reflecting higher wholesale gas prices being passed on by retailers, with rises in all eight capital cities.
#Cost of living index compare cities full#
The unwinding of these rebates has seen the full effects of higher electricity prices reflected in the March 2023 quarter. These price rises were partially offset, at the time, by the introduction of electricity rebates in Western Australia, Queensland, Tasmania, and the Australian Capital Territory. Electricity prices rose due to price reviews in the September quarter 2022 reflecting higher wholesale prices.This year, some private health insurance premiums also increased in January, contributing to the rise. Medical and hospital services rose due to an increase in non-hospital medical services, as general practitioners and other health service providers typically review their consultation fees in the March quarter, and the Medicare Safety Net (MBS) is reset on 1 January each year.Health, Housing, Food and non-alcoholic beverages, and Insurance and financial services contributed to the rises across all household types this quarter.In the March 2023 quarter, all five LCIs rose:
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