Survey: Over 60% percent pubs and restaurants up beer prices after VAT increase

Some 62 percent of restaurants and pubs in Czechia increased the price of draft beer in reaction to the increase in VAT rates on drinks and food, according to a survey conducted by Plzeňský Prazdroj among 3,400 pubs in Czechia. According to the survey results, released on Wednesday, the price of beer on tap increased by an average of CZK 2.80 per pint.

The remaining 38 percent of pubs and restaurants have not yet increased prices, mainly because of fears of losing customers. Starting this year, the value added tax on draught beer and soft drinks went from 10 to 21 percent. A pint of draught beer currently costs between CZK 50 and 60.