New research into carbon tax costs
New research by the CSIRO on the financial effects of the carbon tax shows that households will experience only a minimal rise in their weekly bills.
The study shows an average Australian household will see its living expenses increase by $9.10 per week on average.
A weekly household shop will go up by $1.20 per week, according to the study.
A loaf of bread and a litre of milk will cost 2 cents more, while an average weekly purchase of fruit and vegetables could go up by 14 cents.
CSIRO says that a carbon price will add 0.6 per cent to inflation in 2012-13 and a second impact of up to 0.1 per cent in 2015-16, if businesses decide to pass on the costs to consumers.
These figures are slightly lower than treasury estimates.
For more specific calculations on how the carbon tax will affect your weekly spend see the CSIRO’s carbo tax calculator at www.yourcarbonprice.com.au
