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Change to the Consumer Price Index (CPI) measure for veteran support entitlements

Change to the Consumer Price Index (CPI) measure for veteran support entitlements

From 1 April 2022 the Consumer Price Index (CPI) measure that is used to adjust the annual rate changes will change from CPI (All Groups less cigarettes and other tobacco products) to CPI (All Groups).

The CPI indexation measure used to adjust veteran support entitlements on 1 April 2022 — and annually thereafter — will change to the CPI (All Groups).

This will maintain alignment with the indexation measure that will be used to adjust New Zealand Superannuation, the Veteran’s Pension and other rates and thresholds of social assistance from 1 April 2022.

Date

25 March 2022