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Carbon Tax to Have Minimal Impact on Your Grocery Bill

18 July 2012

Your grocery bill will go up by 40 cents for every $100 spent at the checkout

For a family who on average spends $200 per week on their grocery shop, the average carbon price impact is expected to be around 80 cents.

Businesses may try to mislead consumers by claiming increases in prices are due to the carbon price. Find out what you should know to ensure you are not mislead on pricing. If you have concerns you can contact the ACCC.

Average household purchases of dairy products, including milk, cheese and ice cream, are expected to cost an average of less than 10 cents extra a week under a carbon price.

Similarly, the average household spending at the checkout of bread, cereal and biscuits is expected to rise by an average of less than 10 cents a week.

If you purchase fruit, vegetables and juice, the price increase for the average household shop is expected to be around 10 cents a week. The same applies if you buy lamb, chicken and fish.

These estimates are based on Treasury modelling.

These very small increases have been offset by financial assistance to households, through the Household Assistance Package, which started rolling out in May.

The Australian Government is providing $10.10 a week in assistance for the average household. This is in the form of tax cuts and increases in family payments, pensions and benefits the assistance will be permanent and its adequacy will be reviewed annually in the budget context.

Visit the Grocery prices page for more information.

Source: Green Pages

By Holly McCarthy, GreenBizCheck

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