Budget

Wine Remains Ireland’s Second-Favourite Alcoholic Beverage – Drinks Ireland

Wine has remained Ireland’s second-most popular alcoholic beverage according to the latest Wine Report from Drinks Ireland.

Irish consumer sentiment rose modestly in October, according to the latest Consumer Sentiment Survey compiled with Core Research.

RAS has welcomed news of a seizure of 8 million smuggled cigarettes, but warned the pace of smuggling is increasing.

Retail bodies have reacted to the Budget, noting minimum wage, an increase of excise tax for tobacco products and the enduring VAT rate.

The Finance Minister Jack Chambers this afternoon revealed the Budget for 2025, tax and tobacco increases are of note for the retail industry.

Irish consumer sentiment remained largely unchanged in September, signalling a ‘watch, wait and worry’ mindset ahead of Budget 25.

The Drinks Industry Group of Ireland has called for a 15% reduction in the country’s excise tax rate over two years, RTÉ has reported.

Since its peak in 2001, the average per adult alcohol consumption in Ireland has declined by 31%, according to a report commissioned by DIGI.

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