Cost Of Living Increase 2024 Australian Government. In the 12 months to march 2022, the consumer price index (cpi) increased by 5.1%, the highest annual rise reported since the introduction of the gst in 2000. From july 1, 13.6 million workers will get an.

The new national minimum wage will be $24.10 per hour. Along with the pension and payment increases, the government will increase the maximum rate of commonwealth rental assistance by 10 per cent.