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Base pension
The base pension is the amount of pension prior to the 4% increase on 1 July 2000 due to the introduction of GST. This amount is indexed according to CPI and MTAWE on 20 March and 20 September each year.
The consumer price index (CPI) provides the official measure of inflation in Australia. The CPI measures quarterly changes in the price of a 'basket' of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. metropolitan households).
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