Treasury has released a more detailed modelling of the impact of a $23 carbon price on household expenditure for the Clean Energy Future package announced on 10 July 2011.

 

The breakdown shows the estimated average price impacts across all households following the introduction of a $23 carbon price in 2012 13 by CPI subgroup.

 

The modelling takes account of the different inputs involved in generating the goods and services that make up each CPI subgroup, such as energy use and transportation, and estimates an average price changes across household expenditure categories from the introduction of the $23 carbon price.


The modelling predicts that many prices, particularly food, will be little affected and the average food bill for a household will go up about 80 cents a week. The main price increases are in the area of  utilities.

 

All up, the average household will see cost increases of $9.90 per week, which will be offset by average assistance to householders of $10.10 per week. The government maintains that households that improve their energy efficiency – like turning off appliances at the wall or switching from incandescent to fluorescent light bulbs – can end up financially better off.

 

The full breakdown can be accessed here.