Cost of living set to surge
Feb 7th 2011, 2:54 am
#1
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Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
Cost of living set to surge
Confirming what many of us suspected all along...
The cost of living for Australian workers rose 60 per cent faster than the official inflation rate of 2.8 per cent in the year to October, 2010
The cost of living for Australian workers rose 60 per cent faster than the official inflation rate of 2.8 per cent in the year to October, 2010
Feb 7th 2011, 3:37 am
#2
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Re: Cost of living set to surge
The cost of living for Australian workers rose 60 per cent faster than the official inflation rate of 2.8 per cent in the year to October, 2010.
Workers needed 4.6 per cent more after-tax income to compensate for higher living costs, according to the Australian Bureau of Statistics' latest cost of living index.
In the same period, according to official figures, the federal minimum wage increases by 4.8 per cent.
And average Full-time adult total earnings rose by 4.3%
Workers needed 4.6 per cent more after-tax income to compensate for higher living costs, according to the Australian Bureau of Statistics' latest cost of living index.
In the same period, according to official figures, the federal minimum wage increases by 4.8 per cent.
And average Full-time adult total earnings rose by 4.3%
Feb 7th 2011, 7:51 am
#3
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Joined: Apr 2005
Location: Western burbs, Melbourne
Posts: 2,260
Re: Cost of living set to surge
sadly not as quickly as in UK.
Higher rate tax band has been reduced from 39k to 35k.
Vat is now 20pct
Fuel has gone up by about 5pct.
But good news- council tax will not go up til next year!
Higher rate tax band has been reduced from 39k to 35k.
Vat is now 20pct
Fuel has gone up by about 5pct.
But good news- council tax will not go up til next year!
