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Wednesday, 9 March 1977
Page: 12


Mr ARMITAGE (CHIFLEY, NEW SOUTH WALES) - Does the Treasurer accept that the living standards of Australians as measured by the consumer price index have risen by 6 per cent in the December quarter? Does he also agree that as there was virtually no increase in wages in that quarter Australians have suffered a 6 per cent drop in their living standards?


Mr LYNCH -I really do not know what the honourable gentleman is seeking to get at, but it sounds very similar to the type of fatuous nonsense that the honourable member for Adelaide has been talking about recently in relation to what he calls a fall in real household disposable income. That is the concept at which the honourable gentleman who poses the question ought to be looking. In response to the question about living standards, if the honourable gentleman looks at the latest information available in regard to the movement in the real household disposable income index he will find a rise in real terms over the year to the September quarter. That increase, which is obviously a measurement of living standards, was 3.8 per cent.







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