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Don’t Blame Carbon Pricing for Affordability Challenges
Monday, January 1st, 2024
With the latest data, we find that the gradually increasing indirect taxes, including carbon taxes, have caused overall consumer prices to be only 0.6 per cent higher in October 2023 than they were in January 2015… The effect of carbon pricing on rising food prices is even smaller, accounting for the indirect effects of carbon taxes… Carbon pricing is definitively not to blame for affordability challenges.
Tags: economy, jurisdiction, standard of living, tax
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