Skip to main content
Skip to left navigation

How the Consumer Price Index (CPI) pension adjustment is calculated

On 22 April 2009 the ABS announced a CPI figure of 166.2. As this is lower than the earlier figure of 166.5, your pension will remain the same. The following calculation details this:

(March 2009 CPI number) – (September 2008 CPI number) x 100
(September 2008 CPI number)         

= CPI change (September 2008 to March 2009)

(166.2 – 166.5) x 100   
 166.5                

= -0.1801801%

= -0.18% (when rounded to the nearest tenth of one per cent)

Therefore, on payday 2 July 2009, your superannuation pension will not be increased. If you would like more information about the CPI and how it is calculated, visit the ABS website at www.abs.gov.au.