Cost Of Living Increase 2024 Australia. Cost of living in australia is, on average, 1.6% higher than in united states. All five living cost indexes (lcis) rose between 1.2% and 1.4% in the june 2024 quarter.
Over the past 12 months, all living cost indices have risen between 7.1 per cent and 9.6 per cent for all households, compared to a 7 per cent annual increase in inflation. All household types recorded an increase in quarterly living costs in the june 2024 quarter, according to the latest data from the australia bureau of statistics (abs).