Alcohol price movements since December 2016
Date: 22 Aug 2018
We take a look at the latest price data published by Statistics South Africa and compare the price movements of various types of alcohol sold in South Africa, and find that the price of spirit coolers/ciders increased by more than any other type of alcohol in South Africa since January 2017.
Interestingly Whiskey showed the lowest price increases since January 2017.
So spirit cooler/cider prices increases faster than any other type of alcohol?
The line chart below shows the index levels from January 2017. The index levels of all the various types of alcohol was set to 100 in December 2016. Essentially any value above 100 shows the price of a specific type of alcohol declined compared to December 2016, and index levels above 100 shows the price increased compared to December 2016. So for spirit coolers/ciders for example in July 2018 the index level is 115.6. What that means is that since December 2016, the price of spirit coolers/ciders increased by 15.6%
The alcohol type that showed the second highest price increases from January 2017 is that of Brandy, which increased by 13.2% from the December 2016 level. In third place is red wine prices which increased by 11% from the December 2016 levels. Below a summary of the 8 most bought alcohol types in South Africa and their price increase since December 2016
- Spirit coolers or cider: 15.6%
- Brandy: 13.2%
- Red wine: 11.0%
- Vodka: 10.6%
- Liqueur: 9.3%
- Beer: 8.9%
- White wine: 8.8%
- Whiskey: 7.0%