Cost Of Living Increase 2024 Australia 2024. The selected living cost indexes (slcis), australia incorporates the pensioner and beneficiary living cost index (pblci) and the analytical living cost indexes (alcis). More than two million australians will benefit from the latest round of payment indexation, which comes into effect from 1 july 2024.

In western australia, for instance, eligible seniors can get a cost of living rebate of $107.12 for singles and $160.68 for couples. Employee households, whose primary source of income is wages and salaries, saw living costs rise 1.7 per cent in the march 2024 quarter, according to the latest data from the australian bureau of statistics (abs).