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Strong Spirits: Vodka, Gin and Absinthe have Risen in Price in Russia
9.09.2018 00:10
Strong Spirits: Vodka, Gin and Absinthe have Risen in Price in Russia

Strong spirits: vodka, gin and absinthe have risen in price in Russia since early 2018. Their prices increased by 6-8 percent during the first seven months of the year. In July an average cost of a bottle of vodka made up 207 roubles, which was eight percent higher than in January.

      The price of gin rose by 7 percent - up to 593 roubles, that of absinthe grew by 6 percent - up to 320 roubles. The increase in prices also affected rum and cognac, however, on a slightly smaller scale: five percent in both cases - up to 626 and 439 roubles, respectively. The growth of prices is not connected with the growth of excises on strong spirits: its value has not changed since the beginning of 2018 and is equal to 523 roubles per liter of anhydrous alcohol. The nearest increase is planned only for 2020.

      Read More Articles about Russian Business


Author: Anna Dorozhkina

Tags: Russian business Vodka    

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