If you think your cost of living is rising faster than what official figures seem to say, you are probably right.

Living cost indices published by the Bureau of Statistics yesterday show the increases facing working families, age pension households and welfare beneficiaries have all outpaced the consumer price index.

In the year just gone, working households faced extra costs of 4.5 per cent, aged pensioners 3.1 per cent and welfare recipients 4.5 per cent. The CPI grew 2.7 per cent. Continue reading Life – and mortgage – is as expensive as you think →