Will Aussies compare credit cards as food prices rise?

By Mozo ·

A number of Aussie consumers could be encouraged to compare credit cards online as the country is set to see food prices rice.

According to a report in the Daily Telegraph, the federal government's carbon tax will eventually lead to more expensive items at the grocery store.

The news provider explained that the tax will leave some of Australia's largest retailers with carbon bills of millions of dollars per year.

Indeed, a nationwide survey of 500 retailers revealed that 83 per cent of businesses intend to pass these additional costs onto their customers.

Peter Anderson, chief executive of the Australian Chamber of Commerce and Industry, told ABC Radio that the introduction of the tax will damage the economy.

"The architecture of the carbon tax that the government outlined last week was inherently uncertain in its own right," he commented.

Aussies concerned about the rising cost of groceries could find out which credit card would suit their needs best by carrying out an online comparison.

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