Good News — Alcohol Beverage Inflation Only 3.7%

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es that are driving the price of just about everything through the roof? Does this mean there is hope for the rest of the categories in the Consumer Price Index?</p><p id="ac58">The National Beer Wholesalers Association publishes a monthly <a href="https://www.nbwa.org/resources/beer-purchasers-index">Beer Purchasers Index</a> (BPI), which tracks trends in the beer industry. The BPI indicates that demand for beer is declining.</p><p id="167c">It’s pretty interesting that when demand declines, prices don’t shoot through the roof.</p><p id="739c">Perhaps demand for beer is down because a gallon of milk is currently averaging $4.02, according to the <a href="https://www.ams.usda.gov/sites/default/files/media/RetailMilkPrices.pdf">Retail Milk Price Report</a>. When you spend more on necessities, there’s much less to spend on beer.</p><p id="a9df">Maybe increased demand for beer will be a leading indicator that inflation will start to drop. I sure hope

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so. I’ll be keeping an eye on the BPI.</p><p id="4ba0"><i>This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.</i></p><p id="f65e"><b>About the Author</b></p><div id="b814" class="link-block"> <a href="https://readmedium.com/you-can-call-me-topher-toph-freeman-or-even-chris-ec7b5058527b"> <div> <div> <h2>You can call me Topher, Toph, Freeman, or even Chris</h2> <div><h3>Learning to write and share ideas</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*tW6S3gK-1VJQjqpYYgZsWg.jpeg)"></div> </div> </div> </a> </div></article></body>

Does this mean there is hope for the rest of the categories in the Consumer Price Index?

Inflation just hit a 41-year record high of 8.5%, according to the US Bureau of Labor Statistics. We’ve all been impacted by inflation, especially in categories that cannot be avoided, like groceries, where inflation is running at 10%.

While you will pay a lot more for fruits and vegetables, a sixer of Bud Light is much more aligned with historic inflation numbers.

What gives? Why is a vice category less impacted by issues that are driving the price of just about everything through the roof? Does this mean there is hope for the rest of the categories in the Consumer Price Index?

The National Beer Wholesalers Association publishes a monthly Beer Purchasers Index (BPI), which tracks trends in the beer industry. The BPI indicates that demand for beer is declining.

It’s pretty interesting that when demand declines, prices don’t shoot through the roof.

Perhaps demand for beer is down because a gallon of milk is currently averaging $4.02, according to the Retail Milk Price Report. When you spend more on necessities, there’s much less to spend on beer.

Maybe increased demand for beer will be a leading indicator that inflation will start to drop. I sure hope so. I’ll be keeping an eye on the BPI.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.

About the Author