The price of a pint of beer is about to tip over $15 after a value rise of round 90 cents per pint hits drinkers on February 5.
The most recent price of dwelling blow is because of a rise within the tax on alcohol, which goes up by two per cent.
Brewers Affiliation of Australia chief government John Preston instructed information.com.au that Australia has the third highest beer tax on the planet, after solely Norway and Finland.
“The rise brings the tax on a slab to round $20, with GST added on high of that,” he mentioned.
“Lately round half the price of a $55 slab is excise tax and GST.”
The tax charged on spirits and beer – generally known as the excise tax – varies relying on the alcohol content material of every drink.
The quantity of excise tax charged by the federal government can also be linked to inflation, with official figures yesterday exhibiting inflation elevated by 4.1 per cent for the three months to December 31.
Excise tax charges are adjusted twice a yr – in August and February – based mostly on the motion of inflation.
With inflation on the march in current occasions, it means drinkers have been slugged with excise tax will increase of just about 15 per cent for the reason that final federal election in Could 2022.
The alcohol trade is asking on the federal government to reform the excise tax.
“We’re calling on the federal government to step in and take some motion earlier than a visit to the pub or a dinner out with the household turns into an unaffordable luxurious for many Australians,” Mr Porter mentioned.
Australian Lodges Affiliation chief government Stephen Ferguson instructed the Herald-Solar: “When will increase to the price of dwelling are impacting so many Australians, the federal government ought to think about freezing excise for the subsequent couple of years.”