Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Consumers face further price increases

Media Release
Available for immediate use

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

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.