Beer Posts Strong Pricing in April

Dear Client: April’s CPI read for alcohol at home was up 2.8%, higher than both March (+2.7) and last year (+1.7%), per Bureau of Labor Stats.  “Beer pricing was the strongest, with +5.0% Y/Y in April (from +4.1% Y/Y in March and +1.8% in 2021),” notes MKM analyst Bill Kirk.  Bill expects beer pricing “to remain at these levels for much of 2022.”  Amid that backdrop, he is “concerned by Constellation Brands ... taking less pricing (+1% to 2%),” where,