Spirits have long been thought to be a luxury, reserved for special occasions or high-end bars. However, the cost of drinking spirits has decreased in recent years, making it a more affordable option than drinking beer. This cost shift has occurred for a variety of reasons.
Increase in Craft Distilleries: In recent years, the craft distillery movement has grown in popularity. Smaller, independent distilleries produce high-quality spirits at a lower cost than larger, more well-known brands. Because of the increased competition, the cost of spirits has decreased.
Lower Taxes: Many countries tax spirits at a lower rate than beer. This means that the cost of producing spirits is lower, and the final product costs less to the consumer.
Increase in Online Sales: As online sales increase, consumers can buy spirits directly from distilleries or online retailers, eliminating the middleman and resulting in lower prices.
Improved Technologies: Improved technologies in distillation have led to more efficient and cost-effective production methods. This has also led to a decrease in the cost of spirits.
Shift in Drinking Culture: There has been a shift in drinking culture in recent years toward premium and craft spirits. Consumers are willing to pay more for a higher quality product, resulting in an increase in beer prices while spirits prices remain stable or decrease.
While the cost of drinking spirits has been decreasing, keep in mind that the price of a bottle of spirits can vary greatly depending on the brand, age, and proof of the spirit. However, the overall trend is that drinking spirits is now less expensive than drinking beer. So, if you're looking for a less expensive option for your next night out, try a spirit instead of a beer.