Alcohol excise is levied on beers and spirits with higher alcohol content and that figure rises every six months with inflation.
The coalition is advocating for a freeze on these increasing taxes in a bid to try to ease the pain at the pub.
Nationals leader David Littleproud said the coalition was looking to “alleviate some pressure” when it comes to alcohol taxes.
“When they don’t have disposable income it makes it even harder for them to come out not just to have a beer, but to have a meal,” he told Weekend Today.
Both pubs and customers are hoping for an interest rate cut that would be the biggest help, as inflation continues to drive prices up.
With an interest rate decision on Tuesday and monthly inflation data out on Wednesday, some economists tip the inflation rate will be back within the RBA’s target of two to three per cent.
RBA governor Michelle Bullock poured cold water on any hopes of a rate cut.
Treasurer Jim Chalmers said the RBA keeping rates steady was tough but said it shared a common goal with the Labor government.
Inflation and the cost-of-living crisis are impacting Australians at the pub as the rising cost of booze prompts federal opposition to consider a freeze on alcohol taxes. The coalition is advocating for this freeze to alleviate financial pressure, particularly for pubs. Nationals leader David Littleproud emphasizes the importance of easing the burden on consumers who struggle to afford not just drinks but meals at the pub.
Pubs and customers are eagerly awaiting an interest rate cut to combat the ongoing inflation that drives prices up. However, RBA governor Michelle Bullock dampens hopes of a rate cut in the near future. Despite this, Treasurer Jim Chalmers highlights the shared goal between the RBA and the Labor government in managing economic challenges. As the debate continues, the concern over the escalating cost of living and its impact on social activities like enjoying a drink at the pub remains a key issue for Australians.
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