Figures Show Drop in Wine Price

Pic: Pixabay.com

The latest Australian Bureau of Statistics (ABS) figures show that wine prices have dropped 1.9 per cent.

In the last quarter of 2018, there was a 0.1 per cent drop in the price of spirits while the price of beer remained the same.

While wine increased in price in the 2 previous quarters, the last quarter saw a price drop in wine. Spirits prices rose by 0.3 per cent as well as beer which went up 0.9 per cent.

The only capital city which reversed the nationwide wine price decrease was Darwin due to the ACT’s minimum pricing policy which was introduced, causing wine prices to rise by 11.5 per cent. Beer went up there by 1.5 per cent.

Find out more at https://www.theshout.com.au/news/abs-data-highlights-wine-price-drop/