Cost Of Living 2024 Increase. This follows a 7.0 percent increase in the 12 months to the december 2023. The cost of living for the average household increased 6.2 percent in the 12 months to the march 2024 quarter.

Whereas the consumer price index (the one quoted by the treasurer) increased 5.4 per cent in the year to september, the living cost index for households headed by wage earners climbed 9 per cent. This follows a 7.0 percent increase in the 12 months to the december 2023.