“News”: price of vodka in Russia for the seven months increased by 8%

MOSCOW, August 30. /TASS/. The price of vodka in Russia increased from January to July 2018, 8%, rose gin, absinthe, rum and cognac. The growth of prices on spirits is despite the fact that the size of the excise on it has not changed, said on Thursday the newspaper “Izvestia”, citing data from the company “Taxcom”.

“In July, the average price for a bottle of vodka amounted to 207 roubles, which is 8% higher than the same January. The average cost of a bottle of gin amounted to 593 rubles, which is 7% higher than at the beginning of the year, – says the publication. – From January 6% has risen and absent, its value in July amounted to 320 rubles. A 5% increase in the price for a bottle of rum and cognac – and to 626 439 rubles respectively.”

The rise in price of alcohol could partly be affected by the growing popularity of imported alcohol. So, import of strong alcohol (no vodka) from the beginning of year has increased by 20%, and brandies (with the exception of products) by 10%, have informed “news” the head of the Center of researches Federal and regional alcohol markets Vadim Drobiz.

In addition, the cost of alcohol could be the result of increased demand, the newspaper said. This opinion is shared by the Analytical center for the government.

Sales of vodka in physical terms in January – July increased by 8% to 40.1 million decaliters compared to the similar period in 2017, cognac – by 13%, to 6 million decaliters. The implementation of other kinds of spirits with alcohol volume more than 9% increased by 20%, to 2.9 million, and, according to the Federal alcohol market regulatory service.

The excise tax on alcoholic beverages with an alcohol content over 9% since the beginning of 2018 has not changed. Under the Tax code, it is 523 rubles per 1 liter of anhydrous alcohol. Fee frozen until 2020, then it will be elevated to the level of inflation – to 544 rubles per 1 liter of alcohol. According to the baseline forecast of economic development, in 2020, the inflation in Russia will amount to 4%.