Craft beer prices haven’t risen as quickly as other alcohol beverages, including beer overall. But that may change as inflation persists and margins continue to decrease for smaller brewers.
A survey conducted by Sightlines analyzing data from market research company IRI comparing Q1 2021 vs Q2 2022 showed that base prices for packaged craft beer rose +3.4% while overall beer base prices increased +5.6% during that same time.
But reluctance to hike pricing may change as inflation persists and margins decrease for small brewers, who may be forced to raise prices over the coming months to protect the bottom-line.
See the full story from Sightlines here.