The drop in volume sales of 4% in the on trade and 3% in the off trade, in the last year, shows consumers are cutting back due to cost of living pressures after five consecutive years of above inflation duty increases.
Despite the drop in volume sales, tax increases of over 5% in 2012 helped to push up prices by 2% in the off trade and 3% on the on trade. If the alcohol duty escalator continues duty on duty wine will have increased by 50% and spirits by 44%, since 2008.
The data reveals that:
Off Trade
On Trade
Source: Wine & Spirit Trade Association
© FoodBev Media Ltd 2024