ABS unveils new Pensioner and Beneficiary Living Cost index

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AUSTRALIA - The Australian Bureau of Statistics has unveiled the Pensioner and Beneficiary Living Cost Index (PBLCI), providing a measure of price changes in living cost as they affect pensioners.

The ABS, which publishes the Consumer Price Index (CPI), said that the CPI is designed to measure price inflation for the household sector, and is not ideal for assessing the impact of price change...

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