2023 Australian beer prices reach 32-year high due to 7% inflation, driven by raw material, energy, and labor costs.
Beer prices in Australia reached a 32-year high with 7% inflation in 2023, the highest since the Goods and Services Tax introduction in 2000. Brewers face increased costs for raw materials, energy, and labor, leading to higher prices despite no significant profit increase. Public perception of brewers' large profits is inaccurate, as price hikes are directly due to these increased costs.
April 13, 2024
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