Living costs rising despite cooling inflation

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“Rises in pharmaceutical products, medical and hospital services, electricity and fruit and vegetables have contributed to higher living costs for all household types this quarter,” ABS acting head of prices statistics Neel Tikaram said. Their health costs spiked after thresholds for the Medicare Safety Net and Pharmaceutical Benefits Scheme (PBS) were reset on January 1, reducing the number of households that qualified for the schemes. Copyright ©2025 Infospace Holdings LLC, A System1 Company.

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