Alcohol Prices Raised Again Skip to content

Alcohol Prices Raised Again

A bottle of vodka will be 1,400 ISK / USD 11,5 / 7,6 EURO more expensive in the New Year than it was a year ago, reports Morgunbladid. The prize will be 42 percent higher. In a one year period alcohol prices have been raised three times because of increased alcohol tax.

The price of red wine will also increase but less than spirits, or, by 35 percent. Beer prices will not be raised as high.

Althingi parliament passed a bill this week to increase the tax on alcohol and tobacco by 10 percent. Before the alcohol and tobacco tax had been raised 12.5 percent in December 2008 and 15 percent last spring.

A relatively good bottle of red wine cost 1,500 ISK (12 USD / 8 EURO) one year ago but will cost 2,000 ISK ( 16 USD / 11 EURO) in the New Year.

The price of a common can of beer has been raised 18 percent in the same time.

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