The Consumer Price Index (CPI) for beer at home increased +3% year-over-year (YoY) in April, marking the sixth-consecutive month the measure has remained at or below +3%, before seasonal adjustment, according to the U.S. Bureau of Labor Statistics (BLS).
The CPI for beer at home also remained below overall inflation, which increased +3.4% versus April 2023. When seasonally adjusted, the CPI for all items increased +0.3% YoY, a slight decline versus March (+0.4%, seasonally adjusted).
Total beverage-alcohol increased +2% YoY, before seasonal adjustment. At home, the CPI for bev-alc increased +1.6% YoY. Month-over-month (MoM), the CPI for bev-alc was about flat overall (+0.1%) and at home (+0.0%), when seasonally adjusted.
Beer at home increased +0.7% MoM, seasonally adjusted, after declining -0.5% MoM in March.
Spirits and wine were below total bev-alc at home, both recording a CPI increase of +0.8% YoY. Seasonally adjusted, spirits declined -1% MoM, its second consecutive MoM decline. Wine was about flat (+0.1% MoM), consistent with March trends.
Away from home, inflation for beer outpaced total bev-alc and all its categories, increasing +4%, before adjustment.
Total bev-alc away from home increased +2.8% YoY (unadjusted) and +0.3% MoM (adjusted).
Spirits away from home increased +2.7%, a significant decline after leading bev-alc in March with a +5% increase, according to the previous report. Seasonally adjusted, the category was flat MoM (+0.1%).
Wine away from home increased +3.4% YoY (unadjusted) and was flat MoM (adjusted).