Justice Dept. reiterates that there absolutely *are* laws when you're drinking Claws
Plus: Goose Island's NFT flip, Big Bourbon's big build-out, tequila's bright future + more!
Every Friday, I round up a bunch of stories from the booze business and beyond that caught my eye. Then, I editorialize the shit out of them for our collective amusement. This is š§¾ The Settle-Up.
Justice Dept. to Proud Boys: We Cannot Emphasize Enough That There Absolutely Are Laws When Youāre Drinkinā Claws
Tequila, Mezcal Overtake American Whiskey in U.S. Spirits Sales; Congratulations to Kylie Jenner and No One Else
Gallo Scores NFL Sponsorship, Further Weakening ABIās Once-Invincible Chokehold on Super Bowl Ads
ESG Investors Avoid āSin Stocksā Like Porn & Cigs, But Not Booze. Huh, Itās Almost Like ESG Is Bullshit?
8 of Top 10 Food & Drink Brands Launched Last Year Were Drinks, Suck It Food!!!
Ignore the FUD, Beerās Summer Sales Bonanza Remains Real, and Spectacular
Good God, Big Bourbon Is Building A Lot of Distillery Space Right Now. Watch for Union Activity as New Capacity Comes Online
Goose Island NFT Project Flops, With Just ~300 of 1922 Minted
Saw Someone Say Pitt-Jolie Vineyard Suit Is āThe Next Depp-Heard,ā Made Me Feel Real Bad!
The Influencer Ready-To-Drink Land Rush Is ON, But Traditional Celebs Havenāt Given Up on Hard Seltzer Yet
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#ļøā£ Digits: Beer-flation nation
Perhaps youāve noticed some headlines about inflation lately. Itās a thing thatās happening, although its causes are a matter of fierce debate. Some think soaring profit margins indicate firms with pricing power have been driving prices up as a form of market manipulation known as āgreedflation;ā others think itās absolutely fuckinā epic to post stickers of Joe Biden on gas pumps so it looks like heās happy about the higher costs of fuel. Whoās to say, really?! Anyway, Iāve got a deep dive coming soon for VinePair about how this inflationary environment is affecting big macrobrewersā profit margins, but thereās no question itās contributing to a hike in beer prices. Which brings us to our first ever Digits featured figure:
4.5%
Thatās the amount the average price of beer has risen year-over-year through May 2022, according to the Bureau of Labor Statisticsā latest Consumer Price Index release. This jump pertains specifically to beer purchased to be consumed off-premise (i.e., not in a bar or restaurant) but seeing as how a) thatās the vast majority of beer in this country; and b) the average price for beer bought on-premise was actually higher (5.9% YoY through May 2022), you can figure this number is at least directionally accurate. If itās any consolationāand I donāt know why it would beāthis rise, while significant, has actually come down from last monthās CPI (5%), and is dramatically lower than the price inflation in other key categories. Soā¦ thereās that, I guess?
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