Consumers face further price increases

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Consumers face further price increases

New Zealanders face a price increase on their favourite alcoholic beverage, says Hospitality Association Chief Executive Bruce Robertson. Increases in excise tax on 1 July will trigger manufacturers and retailers moving their prices to cover not only the rise in the tax, but also the increased costs of fuel, transport, labour rates and packaging.

All retailers selling alcohol would be affected with the prices going up at supermarkets, clubs, restaurants and bars.

"Margins in hospitality are very tight and hospitality retailers have no choice but to pass increases on to customers. Without price increases businesses will fail, reducing consumer choice and costing jobs." said Mr Robertson.

ENDS

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