The tax on booze is set to increase next month, which could drive drink prices from doable to straight-up unaffordable.

From February, drinkers can expect to fork out more than $15 a pint and at least $24 for a simple cocktail.

Another excise hike is expected in August.

The looming increase poses financial challenges for both consumers and alcohol producers alike – leaving some distillers considering taking their productions offshore.

Australia’s alcohol tax is the third highest in the world behind Norway and Iceland.

Homebrew, anyone?