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Wine, Beer and Booze Prices Get Higher PDF Print E-mail
Written by The Home Economist   
Wednesday, 17 June 2009 13:44

These recession-defying products post high costs thanks to presumably strong sales. By Brett Graff, The Home Economist

Some alcoholic beverages are 80 proof, others are 40 proof but all, it seems, are recession proof. The - sorry - proof is in their prices, which are rising. Sure, every other good and service in this economy is deeply discounted, including the worst mixer possible for these products, cars. But prices for the sorrow-drowning drinks show no signs of slowing. 

Last week in its inflation report, the government said booze prices rose by 3.0 percent. Compare that overall inflation - food, medical care, computers - which actually fell by 1.3 percent. The government hadn't posed the details yet, but looking at producer prices - that's what manufactures charge retailers (liquor stores and bars) - you can see why. 

Look below. 

 Beverage
 Price Change from May 2008 to May 2009
 
Bottled Beer
 up 6.9 percent
 
Canned Beer
 up 3.9 percent
 
Beer and Ale in Kegs and Barrels
 up 8.0 percent
 
Distilled bottled liquor - except Brandy
 unchanged! 
Wines, Brandy and Spirits  up 2.7 percent
 
   

Source: Bureau of Labor Satistics

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Last Updated on Wednesday, 25 November 2009 02:08