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Worried About Inflation? At Least It’s Cheaper to Drown Your Sorrows

By Dr. Duru #alcohol

CNBC reports that alcohol sales and prices are down this year.

Some key points about this past year’s champagne business from the video:

  1. Sales to the UK fell 33% and sales to the US fell 43%.
  2. Imports into the US fell to 1998 levels.

In related news, Craig Wolf, President and CEO of the Wine & Spirits Wholesalers of America (WSWA), tells attendees at the first State of the Alcohol Industry conference that the industry is not recession proof.

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Thanks for considering Inflation Watch as a part of your education on economics and the dynamics of prices in the economy.

Sign up to receive timely notifications of blog posts in your inbox.

We don’t spam! Read our privacy policy for more info.

By Dr. Duru

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