WINE AND SPIRITS CPI ACCELERATES IN JUNE
Spirits consumer price index (CPI) rose by 1.8% in June, up from May’s growth of 1.5% according to Merrill Lynch research. YTD, spirits CPI average growth is at 1.6%.
Wine especially got a boost with a whopping 3.3% increase, reflecting its strongest performance since Nov. 1997. Wine CPI’s growth of 2.7% YTD is “likely driven by favorable product mix as consumers’ trade up,” which will contribute to Constellation’s top line growth.
Wine especially got a boost with a whopping 3.3% increase, reflecting its strongest performance since Nov. 1997. Wine CPI’s growth of 2.7% YTD is “likely driven by favorable product mix as consumers’ trade up,” which will contribute to Constellation’s top line growth.
posted at 12:30 PM
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