Written answers
Thursday, 9 October 2008
Department of Finance
Consumer Price Index
5:00 pm
Richard Bruton (Dublin North Central, Fine Gael)
Link to this: Individually | In context
Question 83: To ask the Minister for Finance the impact on the consumer price index of a five cent increase on motor fuels, €20 per tonne carbon tax, 50 cent on a bottle of wine, 10 cent on a pint of beer, 10 cent on a measure of whiskey and 50 cent on a packet of 20 cigarettes respectively. [34337/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
I am informed by the Revenue Commissioners that, based on data currently available, their estimate of the impact on the Consumer Price Index (CPI) of increases on the products referred to are as follows:
Excise Increase (VAT inclusive) of | Impact on CPI in a full year | |
Petrol | 5 cent | +0.13% |
Diesel | 5 cent | +0.03% |
Wine | 50 cent | +0.05% |
Beer | 10 cent | +0.13% |
Spirits | 10 cent | +0.05% |
Cigarettes | 50 cent | +0.21% |
The impact on the CPI of the increases referred to above would, of course, vary depending on the timing of any such increases.
The CPI impact from a carbon tax will depend on the extent to which a carbon tax will apply. Consequently, it is not possible to establish any reliable CPI impact at this stage from a carbon tax.
No comments