TBYD President: Price hikes coming for alcoholic beverages

Erol Dündar, President of the Association for Solidarity of Monopoly Dealers (TBYD), announced that there will be a price increase on high-alcohol content beverages (rakı, vodka, whiskey, gin, tequila).

Making a statement on his social media account, Dündar noted that the price hike would be between 5 and 15 percent.

Dündar stated that he expects the new price lists to take effect as of the first week of October.

NO PRICE HIKE EXPECTED FOR BEER GROUP

Stating that there is no current expectation of a price hike for beer, Dündar reported that companies might update prices after the new year.

LAST HIKE CAME IN JULY

On the other hand, the last price hike of around 20-25 percent for the high-alcohol beverage group had been implemented as of July 6.