The price of beer at Oktoberfest will rise by 16%
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The annual Oktoberfest beer festival held in Munich raised beer prices to €13, up 16%. This was announced by the director of the fest Clemens Baumgertner in an interview with the TV and radio station Bayerischer Rundfunk. In 2020 and 2021, the event was not held due to restrictions imposed against the backdrop of COVID-19. Earlier, beer producers in Germany announced a rise in prices for the drink.
“A liter mug of beer will cost an average of €13,” said Mr. Baumgertner. In 2019, the cost of a glass of beer was €11.9.
May magazine Spiegel With reference to the General Director of the German Union of Brewers Holger Aichele and Vice-President of the Union of Brewers Berlin-Brandenburg Stefan Fritsche reported that German brewers expect a rise in prices for beer by 30%. Among the reasons for the increase in prices, producers listed the rise in prices for electricity (250%), malt (70%) and euro pallets (150%).
The increased cost of electricity in Europe is associated with a reduction in Russian gas supplies against the backdrop of a military operation. As of August 2, gas prices in Europe amounted to over $2,200 per 1,000 cubic meters m, February 23 – $ 1060 per 1 thousand cubic meters. m.
Oktoberfest is Germany’s largest beer festival at the end of September. Its attendance before the pandemic reached up to 6 million people. Guests of the event annually spent more than €1 billion on beer, snacks, souvenirs and taxis.
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