From smallcaps.com.au: Australia’s alcohol industry, particularly beer and spirits, is feeling the impact of high excise taxes indexed to inflation, which have led to calls for a freeze on these rates due to their negative effect on production and export opportunities.

The spirits tax is now seven times higher than in the United States, contributing to a significant price increase for consumers and reduced competitiveness for exporters.

In response to growing concerns, the Treasurer has asked the Australian Competition and Consumer Commission to monitor potential price gouging by retailers following the recent tax rise.