Written answers

Thursday, 9 October 2008

Department of Finance

Consumer Price Index

5:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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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]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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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) ofImpact on CPI in a full year
Petrol5 cent+0.13%
Diesel5 cent+0.03%
Wine50 cent+0.05%
Beer10 cent+0.13%
Spirits10 cent+0.05%
Cigarettes50 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.

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