Beer price hike is sending us all BUST

BEER is rising in price at TWICE as fast as the rate of inflation and baffled economists have found that the more it costs, the more we drink.

And beer lovers showed their defiance for sky-high prices by knocking back record-breaking amounts at the launch of Oktoberfest in Munich.

European finance giants UniCredit say that they would expect: “On average, a 1% increase in the price of beer triggers a roughly 0.3% decline in the demand.”

But their latest report into the drinking habits at Oktoberfest have completely defied their expectations and proved the complete opposite is true.


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