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

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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