Liquor/Wine Pricing Up

The beer industry experienced pricing growth of 2.9% in February according to the government, still showing surprising signs of growth given the anecdotal evidence of price promotions across the fruited plain. Then again, 2.9% is still well below last year's beer CPI growth average of 3+%, and was below the national CPI growth in February.The good news is that wine and liquor pricing has accelerated, with growth of 2.0% and 1.2%, up from 0.5% and 0.9% growth in January, respectively.