Wine Prices Set To Rise After Poor Grape Harvest, Warns Majestic Boss -- The Guardian
Majestic Wine boss Steve Lewis says supermarkets are likely to increase the price of a £5 bottle by 50p or £1 next spring. Wine lovers are facing a worse than usual new year hangover as poor harvests in some of the world's most important wine producing regions threaten price hikes of up to £1 a bottle in 2013. Majestic Wine boss Steve Lewis said the increases would be most noticeable in the supermarket where British favourites such as Italian pinot grigio, New Zealand sauvignon blanc and Australian chardonnay sell for around £5 per bottle. "I would expect to see significant price inflation at entry price points," he said. "The price of a (£5) bottle of pinot grigio could go up by between 50p and £1 come February/March."
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Update: Great leap in price of grapes: Poor harvest could mean £1 hike in cost of a bottle of wine -- Daily Mail
My Comment: There's always beer.
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