The cost of our love for the bot­tled brew

CityPress - - Business - – Netwerk24

South Africans love their beer, but at what cost?

Ac­cord­ing to Stats SA’s latest re­search, we are spend­ing 60% of our monthly booze bill on beer, fol­lowed by wine (23%), and spir­its such as brandy or whiskey (18%).

The price of beer is ris­ing faster than any other al­co­holic prod­uct. It in­creased by 11.8% from June last year to June this year.

This in­crease is sig­nif­i­cantly higher than price in­creases for gro­ceries or any other ser­vices over the same time pe­riod.

Ac­cord­ing to Stats SA’s con­sumer price in­dex re­search, the in­fla­tion rate was 4.8%. The cost of wine in­creased in price by only 5.5% and spir­its by 7.1%.

“Beer­in­fla­tion” has been in dou­ble dig­its since March this year.

Ac­cord­ing to Stats SA, a beer would have cost you R10 in 2010, but it will cost you R15.30 to­day – a whop­ping 53% in­crease in five years.

In the past year, im­ported-beer prices in­creased by 21.9%, while lo­cal beer in­creased by 10.8%.

Lo­cal beer is most ex­pen­sive in Gaut­eng (R10.45 per 330ml) and cheap­est in the Free State (R9.43).

How­ever, beer re­mains a bar­gain when mea­sured in price per litre – it costs R30 a litre, com­pared with wine at R65 a litre and spir­its at R209 a litre.

13

12

11

10

9 8 June ’14

Im­por­teo

Lo­cal

June ’15

53%

Beer

41%

Meat

41%

Bread & grains

Heer

33% To­bacco prod­ucts

26%

Spir­its

Wine

24%

NonNew al­co­holic ve­hi­cles bev­er­ages

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.