As alcohol prices stabilize, some liquors are getting cheaper
Beer prices are rising, but some spirits — including many tequilas and whiskeys — are seeing price drops that make even top-shelf bottles a bit more affordable.
Booze will cost you more this holiday season than last — but not much more. And there are ways to increase the bang for your buck while grabbing a round of drinks or bringing a bottle to a gathering.
As is usually the case, alcohol is still generally cheaper at home than in bars and restaurants, and beer remains lower-priced than many liquors. But some spirits, including many tequilas and whiskeys, are seeing noteworthy price drops that have made even top-shelf bottles a bit more affordable.
Whiskey bought for at-home consumption is nearly 2% less expensive, on average, than a year ago, federal inflation numbers released Wednesday show. Beer served out of the house, on the other hand, is about 4% pricer.
And on Thursday, federal regulators turned a spotlight on retail booze prices, accusing a major U.S. liquor distributor of favoring big chains like Costco and Kroger over independent shops, making it harder for smaller operators to compete.
So far, at any rate, many price moves for alcoholic beverages have been relatively modest. Booze costs rose nearly 15% from the first half of 2019 to the first half of this year, less than the 23% jump in consumer prices at large during that period. As of last month, alcohol costs were up only 1.8% since the year before, while inflation overall was 2.7%.
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