Maybe of intrest to some and is inline with the thread .
Selected living cost index for Australia and self funded had the biggest rise in living costs? Probably floats around this a bit but is of interest when generally thinking.
SELF-FUNDED RETIREE HOUSEHOLDS
The living cost index for self-funded retiree households rose 1.0% in the December quarter 2013. The main contributor to the rise was recreation and culture (+3.0%), which was mainly due to increases in both domestic and international holiday travel and accommodation. Food and non-alcoholic beverages (+1.8%) and alcohol and tobacco (+1.5%) also contributed to the rise.
The most significant partially offsetting falls were recorded for health (-0.5%), mainly due to pharmaceutical products and clothing and footwear (-1.1%), mainly due to garments for women.
The LCI for self-funded retiree households recorded a larger rise than the CPI (+0.8%) in the December quarter 2013. Self-funded retiree households have a relatively higher proportion of expenditure on recreation and culture, which rose this quarter.
The LCI for self-funded retiree households rose 2.6% through the year to the December quarter 2013 compared to the CPI which rose 2.7% through the year to the December quarter 2013.
So invest in your grog now its saying (: There is ways to store future wealth other than cash if you have the room and the intuition to be able invest in non perishable living costs. As you can insulate your exposure to rises .
