Alcoholic beverages see a 43% price rise following special tax increase

Özgür Aybaş, the head of Turkey's Liquor Stores Platform, has announced an average price hike of 43 percent on beverages with high alcohol content, in the wake of the announced increase in the special consumption tax.

Wednesday January 05 2022 04:00 pm

Duvar English

Özgür Aybaş, the president of the Turkish Monopoly Dealers Platform, which represents liquor shop owners, has announced an average price hike of 43 percent on alcoholic beverages.

“Unfortunately this is the situation, a price increase of 43 percent,” Aybaş tweeted on Jan. 5, sharing a price list of an alcohol company showing items such as rakı, whisky, vodka and liquor.

According to the list, the prices of drinks with high alcohol content were raised by 40-45 percent.

Malesef durum bu % 43 oranında ZAM pic.twitter.com/GAaEeNEjDR
— Özgür Aybaş Tekel Bayii (@AybasOzgur) January 5, 2022

The latest price increase came two days after the government increased the special consumption tax (ÖTV) on cigarettes and alcoholic beverages by 47 percent.

It was not yet clear how much of this tax increase would be reflected on the consumers.

Critics accuse President Recep Tayyip Erdoğan and his ruling Justice and Development Party (AKP) of imposing Islamic values on the country through steps such as steep tax hikes on alcohol and cigarettes.

On Jan. 3, the government-run Turkish Statistical Institute (TÜİK) reported an annual inflation rate of 36.1 percent in December, the highest in two decades, whereas the independent inflation group ENAG put the figure at 82.8 percent.

Topics Turkey alcohol Turkey alcohol Özgür Aybaş alcoholic beverages