Today's TD Securities - Melbourne Institute Monthly Inflation Gauge has again exposed Tony Abbott's reckless scare campaign.
Mr Abbott said that price rises would be "unimaginable" and whole towns would be wiped off the map.
But today's Monthly Inflation Gauge recorded its lowest annual print in nearly three years and shows that price increases related to the carbon price have been in line with Treasury's forecasts.
According to the Treasury modelling, the average impact of the carbon price on households will be $9.90 per week, but households will receive $10.10 per week on average in assistance.
This assistance is being delivered through tax cuts and payment increases, which are already flowing to around eight million households across the country.
Australians are beginning to realise that Mr Abbott's reckless scare campaign has been nothing but a Chicken Little act, with claims like:
"So much of the staples of our daily life are going to be significantly more expensive under the tax."
(Tony Abbott, Doorstop, 22 May 2011)
"The hit on Australians' cost of living is almost unimaginable."
(Tony Abbott, Doorstop, 7 June 2011).
And Barnaby Joyce's claims that a roast would cost more than $100.
"That's the end of our beef industry, of our sheep industry. I don't think your working mothers going to be very happy when they're paying over $100 for a roast."
(Barnaby Joyce, Meet The Press, 9 August 2009)
Instead of misleading the electorate, Mr Abbott should be explaining to households why he is going to rip away tax cuts and payment increases while at the same time making them pay $1,300 per household for his "subsidies for polluters" plan.