‘Intoxiflation’: New Jerseyans Will Continue Buying Booze Despite Rising Inflation Over The Festive Season

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ValueWalk

1 in 3 think the government should reduce alcohol taxes if inflation increases in order to keep costs low.32% of drinkers will simply switch to cheaper, less well-known brands if prices go above their threshold.Infographic showing ‘Intoxiflation’ rates across America.Q3 2021 hedge fund letters, conferences and more Intoxiflation RatesAt over 6%, inflation is currently the highest it’s been since the 1920s. When costs rise and the price per unit increases, people tend to buy less quantities of products, except when it comes to alcohol it seems. In times of high inflation, demand for items which…

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