Czechia’s 2024 VAT Hike: Impact on Soft Drink and Bottled Water Prices and Consumption

• In 2024, Czechia saw a 4% price surge in soft drinks and bottled water due to a VAT increase from 15% to 21%
• Rising operational and production costs led to manufacturers adjusting pricing strategies
• Consumers shifted towards tap water, with a 14% decline in purchased soft drinks consumption since 2012
• Tap water quality in Czechia is ranked 34th globally, leading to a more sustainable choice for consumers
• The future of beverage consumption in Czechia may continue to be shaped by economic and environmental factors

Source: bnnbreaking.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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