NLC's booze prices rising slightly while cannabis dropping 7% | CBC News (2024)

NL

The Newfoundland and Labrador Liquor Corporation says the annual price adjustment, which will take effect Monday, is not directly tied to the provincial government's annual budget.

Overall impact of the change on alcohol is about 1 per cent

CBC News

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NLC's booze prices rising slightly while cannabis dropping 7% | CBC News (1)

There will be a price change on most products at liquor stores in Newfoundland and Labrador, but depending on what your drink of choice is, you might not notice it.

The NLC's annual price adjustment takes effect Monday. Despite the provincial budget being tabled the next day, the NLC says the price change is not directly tied to the budget process.

By category, the average increases are:

  • 0.98 per cent for beer.
  • 1.19 per cent for ready-to-drink.
  • 1.06 per cent for spirits.
  • 1.25 per cent for wine.

"NLC allows its suppliers to quote annually, with this process having started back in March of this year. These price changes are driven by the re-quoting of our suppliers, based on market conditions, inflation, cost of goods, transportation costs, etc.," reads a statement from the NLC.

A 12-pack of Coors Light and Black Horse and some other brands of beer will increase51cents to $28.49.A six-pack will also increase 51centsto $16.49. There is no change to a 24-pack.

A 750-millilitrebottle of Lamb's Palm Breeze Rum is also increasing 51 cents.

But if Bodacious wine is your go-to, in the four-litre box, that price is dropping by almost $5.

Cannabis drops

While alcohol prices are up slightly, the average price of cannabis is dropping by seven per cent overall as of Tuesday.

Similar to booze prices, the changes are drivenby prices fromsuppliers, inflation, cost of goods and other factors, said the NLC.

"The difference between this and the adjustment for beverage alcohol is that this is still an evolving industry that continues to normalize itself and react to market and consumer demands and industry efforts to disrupt the illicit market," reads the statement from the NLC.

Read more from CBC Newfoundland and Labrador

Corrections

  • A previous version of this story said the price adjustments come into effect on Sunday. However, it's Monday.

    May 28, 2021 5:16 PM NT

NLC's booze prices rising slightly while cannabis dropping 7% | CBC News (2024)

FAQs

Why is alcohol getting more expensive? ›

New California laws now in effect

1, alcohol is going to cost you a little more in California. That's because California has expanded its Beverage Container Recycling Program to include glass wine and liquor bottles, large plastic juice bottles, and even boxed wine containers and alcoholic beverage pouches.

Why is beer so expensive in Canada? ›

Alcohol prices in Canada are approximately twice as expensive as in the United States. The sole reason for this price difference is that the Federal and Provincial Governments regulate minimum prices and taxes on alcohol. This is often referred to as “social responsibility”.

Why is beer so expensive in Newfoundland? ›

Beer prices have increased again in Newfoundland and Labrador, but it could just mean that it's a sign of the times. The costs of operation for breweries, retailers and the Newfoundland and Labrador Liquor Corporation are going up, and that's factoring into the bump in price, said one beer executive.

Which state has the lowest alcohol prices? ›

States like Goa and Himachal Pradesh are known for relatively lower alcohol prices in India.

How much money does the US government make on alcohol taxes? ›

Alcohol Excise Taxes. Excise tax revenue from alcoholic beverages amounted to $10.2 billion in 2022, 12 percent of total excise receipts. There are different tax rates for distilled spirits, wine, and beer.

Is alcohol cheaper in Canada or USA? ›

Liquor, including spirits, wine, and beer, in Canada, is significantly more expensive than in the United States, so Americans going to Canada for a visit may want to stop at duty-free for liquor that they will consume while in Canada. Spirits, like vodka, gin, and whiskey see to offer the best bargains.

Is it cheaper to live in the USA or Canada? ›

Overall, Canada is more affordable than the US, but the US has a higher median income. Comparing the cost of living in both countries is tricky because living costs vary dramatically within each city. It's important to consider the hidden costs and savings of public goods and services when comparing costs of living.

Is beer stronger in Canada than USA? ›

they are mostly the same, 5% alcohol by volume (ABV). The old myth about Canadian beer being stronger is that until recent decades, American beer was traditionally labelled as alcohol by weight (ABW). Because alcohol is lighter than water, a 4% ABW turns out to be 5% ABV. One of nature's little miracles!

What is the number 1 bought beer in America? ›

Bottles of Modelo Especial beer are displayed for sale in a grocery store on June 14, in Los Angeles. Modelo Especial is now officially America's best-selling beer, dethroning Bud Light from the top spot it has largely held for the past two decades.

What is the most ordered beer in the world? ›

Highlights: Most Popular Beers In World Statistics

As of 2020, Snow beer from China holds the title of the best-selling beer brand in the world.

What is the beer drinking capital of the world? ›

Beer Consumption Per Capita

The Czech Republic remains the leader in per capita beer drinking for the 29th year. In 2021, the average Czech drank more than 184 liters of beer. The Czech Republic is known for its affordable beer. In some parts of the country, beer can even cost less than bottled water.

Why is going out for drinks so expensive? ›

Primarily, because people are willing to pay the costs -- it's largely a matter of supply and demand. Secondarily, because people aren't just buying the drinks, they're buying the experience and the entire atmosphere -- this is why the more "fancy" the place, the higher the cost (and margin) on the alcohol.

Why is alcohol so expensive in the US? ›

Customers pay for the ease and enjoyment of having booze served in a pleasant environment. On the purchase of alcoholic beverages, bars pay taxes and excise duties, which are reflected in the price. To cover their operating expenses and make a profit, bars also use a markup.

Why is whiskey getting more expensive? ›

So whiskies that began aging 18+ years ago are in short supply because they didn't anticipate the surge in popularity, and since it takes so long for them to produce it, it's hard for them to quickly up the supply to match demand, so price goes up instead.

Why is alcohol becoming less popular? ›

The “clean living” lifestyle embraced by many in Gen Z means making healthier choices when it comes to eating and drinking. It's one of the forces driving increases in organic food sales and products such as kombucha. Alcohol is a toxin that doesn't exactly fit within that care-for-your-body mindset, notes Dr. Anand.

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