Spirit prices to rise - but not wine or beer |
The increase for alcohol is 10% - but this only applies to spirits and NOT wine or beer, increasing the price of pure alcohol from 8.30 euros per litre up to 9.13 euros per litre - representing an increase of 83 cents. Translated to an average bottle of whiskey, the price will go up by about 35 cents, so not a huge blow really. It will be interesting to see whether the bars will pass on this price rise - my bet is that they will absorb the cost, at least initially. but time will tell.
Official shop licensed to sell tobacco products |
The tax structure on tobacco prices has also increased dependant on the sale price, in fact more so than on cigarettes.
Cigarette sales have fallen by 14.1% over the last year whilst rolling tobacco increased by a staggering 46.4% and this is the fourth tax increase bought in by the Government under Prime Minister Mariano Rajoy .
The Minister of Finance, Cristobal Montoro announced that the tax increases will raise in the region of 700 million euros per year - with the vast majority, 600 million from the cigarette and tobacco increases. These changes will be included in a royal decree published today and come into immediate effect.
Don´t think it will put any of these off! |
But remember to buy your cigarettes in the resort at a authorised store such as Eurotobaco - there are plenty of outlets across Benidorm and NOT at the so called "Duty Free" shop inside Alicante airport - they are more expensive there.