Australian Alcohol Prices Set to Increase Due to Higher Excise Taxes
• Aussies to face price hikes for beer, spirits, and pre-mixed drinks due to rise in alcohol taxes
• Tax hike is automatic based on inflation rate, currently at 4.1%
• Tax on a pint to increase to 90c, tax on a slab to rise to $20
• Alcohol excise projected to raise nearly $7.9 billion this financial year
• Finance Minister does not rule out changing excise rates in future budgets amid cost of living crunch