The cost of our love for the bottled brew
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.
9 8 June ’14
Bread & grains
33% Tobacco products
NonNew alcoholic vehicles beverages