The Beforepay Beat

Beforepay released the March 2024 Cost of Living Index today, reveals consumer spending decreased by 0.82% month-on-month in March.

February sees 4.6% uplift in spending with a twist in Valentine's day habit, according to the February 2024 Beforepay Cost of Living.

Australians tighten their belts after the holidays with 10.2% spending decline in January, according to the January 2024 Beforepay Cost of Living Index.

Australians spent $66 on Christmas 2023, fuelled by lower petrol prices, according to the December 2023 Beforepay Cost of Living Index.

Daily spending increased by 2.8% in November 2023 according to the Beforepay Cost of Living Index.

Consumer spending declines 1.01% in October 2023 accroding to the Beforepay Cost of Living Index.

Daily average spending down 1.3% in September 2023 as petrol prices rise, according to the Beforepay Cost of Living Index.

Daily average spending declines 4.9% in August 2023, according to the Beforepay Cost of Living Index.

Daily spending rose by 10.6% from $58.88 in June 2023 to $65.13 in July 2023, according to the Beforepay Cost of Living Index.

Daily spending rose by 6.1% from $55.49 in May 2023 to $58.88 in June 2023, according to the Beforepay Cost of Living Index.

Spending fell in May 2023, with the average daily spending for Australians down 5.7% from $58.84 to $55.49, according to the Beforepay Cost of Living Index.

April saw a 2.9% month-on-month increase in the daily cost of living, up to $58.84 from $57.17 in March, according to the Beforepay Cost of Living Index.

March saw a 1.8% month-on-month decrease in the daily cost of living, down to $57.17 from $58.23 in February, according to the Beforepay Cost of Living Index.

February saw a 2.5% month-on-month increase in the daily cost of living, up to $58.23 from $56.83 in January, according to the Beforepay Cost of Living Index.

The average daily cost of living has fallen by 8% month-on-month from $62.02 in December 2022 to $56.83 in January 2023, a 1.6% increase year on year.

Australians saw a surge in spending on Boxing Day, with the average person spending $448.38. In December 2022, the daily cost of living for the average Australian increased by just 2.5% to $62.02.

New data shows the daily cost of living for the average Australian in November 2022 increased by only 1% over the month to $60.48. This represents an increase from $59.78 in October 2022 and from $60.23 in November 2021.

Rising utility prices and grocery bills are consuming Australian wages as new Beforepay data shows the daily cost of living increased 1.6% to $59.78 in October 2022 from $58.81 in September.

Daily spending for the average Australian dropped 29% in September 2022 to $58.81, from $83.27 in August, according to the Beforepay Cost of Living Index.

The daily cost of living for the average Australian jumped 18.2% in July, to $66.46 per day. The figure is drawn from the Beforepay Cost of Living Index.

The daily cost of living for the average Australian jumped 18.2% in July, to $66.46 per day. The figure is drawn from the Beforepay Cost of Living Index.