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Price of Beer in Australia Surges to A$15 a Pint

Australian drinkers woke up to more than a hangover on Monday as accelerating inflation and a quirk in the tax system sent the price of beer surging.

In its semi-annual CPI indexation review, the Australian Tax Office lifted the excise on a frothy by 4%. It was the largest increase in over 30 years, according to the Brewers Association of Australia.