IRELAND: Irish Government to slash drinks prices to curb inflation
Irish finance minister Charlie McCreevy may force publicans to slash the price of soft and alcoholic drinks in an attempt to control inflation.If the plan is put in action it could see a pint of beer in Irish pubs cut by up to 40 Irish pence. Inflation has reached a 15 year high in Ireland of 5.2%, the highest in the EU. The Consumers Association of Ireland has blamed the rise in drinks prices for 20% of the current inflation rate.The Association's spokesman believes that forcing pubs to drop their prices would reduce inflation at a stroke, even if it did not tackle the underlying causes. He went on to say that "the drinks industry in Ireland is a protected cartel which needs to be broken up".Irish Prime Minister Bertie Ahern said there had been "very substantial and unwarranted increases by publicans" and the government would have to look at ways of reversing the situation.Chris Brook-Carter
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Why Chinese beverages won't conquer the world
- Can Coca-Cola fuel SABMiller's soft drinks story?
- Is “Craft” the Next Big Thing for Soft Drinks?
- Petropolis Finally Moving into SABMiller's View?
- Gin: Plymouth's from Plymouth, London's from...?
- Diageo confirms Australia abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Smirnoff tops UK shopping list - figures
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018