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Inflation pressure points to higher beer prices across industry

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ASX-listed Good Drinks Australia has signed a $40 million deal with a NYSE-listed giant to distribute Millers, Coors and Molson in Australia.

is gradually shifting out of beer after the $9.8 billion buyout of ASX-listed Coca-Cola Amatil.

“Our strategy is really on fire,” he said. “We’re actually outperforming the bigger players in the beer market,” he said. Beer makers face higher excise duties each February and August under a Federal government system where excise charges increase twice-yearly in line with the consumer price index, which itself has been rising faster than usual.

 

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