After one month on par with the increase in overall inflation, the consumer price index (CPI) for beer at home rose faster than inflation for all items year-over-year (YoY) in November 2024, according to the U.S. Bureau of Labor Statistics (BLS).
The CPI for beer at home increased +2.7% last month, a greater increase than the CPI for all items (+2.7%) and total alcohol (+1.8%).
All bev-alc categories recorded YoY increases in CPI both at home and away, with beer posting the highest in both.
Overall alcohol away from home increased +2.7% YoY, the second-highest metric across beverage-alcohol after beer away from home, which increased 4% YoY. The CPI for spirits away from home increased +2.4%, followed by wine away from home (+1.4%).
The CPI for beer at home increased +2.6% YoY, which drove overall alcohol at home’s CPI up +1.1% YoY. Spirits at home (+0.1%) and wine at home (+0.2%) were nearly flat YoY.
The CPI for all bev-alc metrics at home in November 2024 declined month-over-month (MoM) compared to October 2024, led by wine, which declined -0.8 MoM. Wine’s MoM decline drove total bev-alc at home down -0.4% MoM. The CPI for beer at home declined -0.2% MoM, followed by spirits (-0.1%).
While price increases for alcohol at home declined compared to October 2024, the CPI for all bev-alc categories away from home increased MoM, led by total alcohol (+0.5%). Beer away from home increased +0.4% MoM in November 2024, followed by wine away from home (+0.3%) and spirits away from home (+0.3%).