Thursday, May 31, 2012

The carbon tax will cost how much?

Me on ABC Adelaide 891, Wednesday May 30

11 minutes, play or CLICK THEN CLICK AGAIN to download mp3



Summing up the Treasury modelling:



Some detail:


Table 1: Price impacts for a $23 carbon price in 2012‑13*
CPI subgroup
Contains
Average price impact
($ per week)
Price Impact (Per cent)
Dairy and related products
Milk
<0.10
0.4

Cheese

Ice cream and other dairy products
Bread and cereal products
Bread
<0.10
0.4

Cakes and biscuits

Breakfast cereals

Other cereal products
Meat and seafoods
Beef and veal
0.10
0.4

Lamb and mutton

Pork

Poultry

Bacon and ham

Other fresh and processed meat

Fish and other seafood
Fruit and vegetables
Fruit
0.10
0.4

Vegetables
Non‑alcoholic drinks and snack food
Soft drinks waters and juices
0.10
0.4

Snacks and confectionery
Meals out and takeaway foods
Restaurant meals
0.20
0.4

Takeaway and fast foods
Other food
Eggs
<0.10
0.4

Jams, honey and sandwich spreads

Tea, coffee and food drinks

Food additives and condiments

Fats and oils

Food  — not elsewhere classified
Alcoholic drinks
Beer
0.10
0.2

Wine

Spirits
Tobacco
Tobacco
<0.10
0.2
Men's clothing
Men's outerwear
<0.10
0.2

Men's underwear, nightwear and socks
Women's clothing
Women's outerwear
<0.10
0.2

Women's underwear nightwear and hosiery
Children's and infants' clothing
Children's and infants' clothing
<0.10
0.2
Footwear
Men's footwear
<0.10
0.2

Women's footwear

Children's footwear
Accessories and clothing services
Accessories
<0.10
0.4

Clothing services and shoe repair
Rents
Rents
0.40
0.6




Utilities
Electricity
4.60
7.9

Gas and other household fuels

Water and sewerage
Other housing
House purchase
0.90
0.6

Property rates and charges

House repairs and maintenance
Furniture and furnishings
Furniture
0.10
0.4

Floor and window coverings

Towels and linen
Household appliances utensils and tools
Major household appliances 
0.20
0.8

Small electric household appliances 

Glassware, tableware and household utensils

Tools
Household Supplies
Household cleaning agents
<0.10
0.3

Toiletries and personal care products

Other household supplies
Household Services
Childcare 
<0.10
0.3

Hairdressing and personal care services

Other household services
Health services
Hospital and medical services
0.10
0.3

Optical services

Dental services
Pharmaceuticals
Pharmaceuticals
<0.10
0.3
Private motoring
Motor vehicles
0.40
0.3

Automotive fuel

Motor vehicle repair and servicing

Motor vehicle parts and accessories

Other motoring charges
Urban transport fares
Urban transport fares
<0.10
0.5
Communication
Postal
0.20
0.5

Telecommunication
Audio, visual and computing
Audio, visual and computing equipment
<0.10
0.4

Audio, visual and computing media and services
Books, newspapers and magazines
Books
<0.10
0.3

Newspapers and magazines
Sport and other recreation
Sports and recreational equipment
0.20
0.3

Toys, games and hobbies

Sports participation

Pets, pet food and supplies

Pet services including veterinary

Other recreational activities
Holiday travel and accommodation
Domestic holiday travel and accommodation
0.30
0.5

Overseas holiday travel and accommodation
Education
Preschool and primary education
<0.10
0.3

Secondary education

Tertiary education
Insurance services
Insurance services
<0.10
0.3
Other
**
0.90
**
Total Expenditure

9.90
0.7
*Note: estimating the impact on household goods and services has been undertaken across broad product categories and the estimates represent the average price impact across each category. Within each category there will be a range of goods with different levels of direct and indirect emission intensity, for instance due to the source of the electricity used in the production of a particular company or for a particular type of good.
** The ‘other’ category is comprised of a range of household expenditures expected to increase in price by around a quarter of a per cent, which represents an average increase in prices for services across the general economy. Analysis of these products is difficult due to data limitations — many of these products are not included in the CPI basket of goods and services, for example — such that specific price increases cannot be determined. Examples of these products include life insurance premiums, fees for some financial services, gambling and outright purchases of dwellings.
Source:  Treasury



Carbon Price Claims - Guide for Business




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