Business Irish

Wednesday 1 October 2014

Rise in Irish alcohol sales despite recession

Lyndsey Telford

Published 22/08/2013 | 14:00

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People in Ireland are spending more money on alcohol despite the chronic financial crisis that continues to grip the nation, official figures have revealed.

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While many reined in their spending on things like clothing, transport and communication last year, people were less thrifty with booze.

Figures from the Central Statistics Office (CSO) showed around €6.36 billion was spent on alcohol - up 1.2pc from the year before.

That accounted for around 7.7pc of total personal expenditure of €82.63bn on goods and services.

While spending on alcohol, as calculated by the CSO at current market prices, increased each year from 2009, spending on tobacco was down in 2012.

It dropped by 2.4pc from €2.2bn in 2011 to €2.14bn last year.

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