The Consumer Price Index (CPI) for beer at home remained unchanged in June at +3.1% year-over-year (YoY), according to the U.S. Bureau of Labor Statistics (BLS).
Beer at home outpaced the CPI for alcoholic beverages overall (+1.8%), alcoholic beverages at home (+1.7%), distilled spirits (+0.8%) and wine (+1%) at home before seasonal adjustment. Alcoholic beverages overall and alcoholic beverages at home each increased +0.2% month-over-month (MoM), while spirits at home increased +0.6% MoM. However, wine at home declined -0.1% MoM after seasonal adjustment.
The CPI for beer at home also slightly outpaced the CPI for all items, which stood at +3% before seasonal adjustment. The CPI for all items in June fell -0.1% MoM on a seasonally adjusted basis, after remaining static in May.
The CPI for beer away from home increased +2.9% YTD in June, increasing +0.2% MoM after recording a -0.1% decline from April to May. The CPI for beer away from home outpaced overall alcoholic beverages in the on-premise (+2.1%), wine away from home (+2.4%) and spirits away from home (+1.9%). However, spirits away from home increased +0.5% MoM with seasonal adjustment.
The average case price of beer in Circana-tracked off-premise retailers is up +$0.60 to $30.34, YTD through June 16. In the four-week period through mid-June, the case price is up slightly more at +$0.64, to $30.51.
In the grocery channel, the average case price of beer is up +$0.48, to $29.83 YTD, according to Circana data.
Convenience store prices outpaced grocery, with the average case price increasing +$0.77, to $32.17 YTD, the firm reported. Those increases have accelerated over the last month, with the average case price in grocery up $0.58, to $29.90, and the average case price in convenience up $0.81, to $32.51.
Every beer category segment has taken price up YTD through mid-June in multi-outlet and convenience stores. Two segments, hard seltzer and non-alcoholic beer, have pushed YTD price increases past $1, at $1.75 and $1.63, respectively.