ALCOHOL PRICES UP – CONSUMPTION DOWN, SAY US EXPERTS

BY MONICA DOBIE

TAX increases in alcohol reduces the commercial demand for drinks more significantly than other public policies, according to a new study.
American research published in the February edition of the medical journal Addiction re-evaluated 112 studies from around the world on drinks market price sensitivity. The results: when prices go up people drink less. Beer drinkers are however less responsive to price changes than wine or spirits drinkers. The paper concluded: "Beverage alcohol prices and taxes are related inversely to ...


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