Beer Prices Up 2% in April
Consumer price index for beer increased 2% in Apr vs yr ago, per latest gov’t stats. That’s first time CPI for beer was up 2% or higher since May 2016. Beer prices closed gap with CPI for all items which increased 2.2% in Apr vs yr ago. Spirits (-0.5%) and wine (-0.1%) prices were down in month of Apr. Spirits prices have declined last 4 months while wine prices down 7 straight months. CPI for beer was up 1.7% YTD thru Apr vs 2.5% increase for all items. CPI for spirits and wine down 0.3% and 0.7% respectively YTD.
INSIGHTS Express, Vol 19, No 89; May 15, 2017
Yr Remains Not Great in Nielsen All Outlet for 4 Mos; AB and MC Each Down 2%
Even with better Apr (beer biz up 1.3% for 4 weeks), industry volume down 0.5% yr-to-date thru 4/29 in Nielsen all outlet. And $$ sales up 0.8%. Each of AB and MC volume down around 2%. But AB still getting more pricing and so AB $$ sales down 1%, while MC $$ down 1.9% thru 4/29. AB lost 0.8 share of $$, MC down 0.6 YTD. For 4 weeks, it’s worse. AB lost 1 full share of $$, MC down 0.7. Constellation $$ sales up 14.6% YTD, gained 1.2 share of $$. For 4 weeks, just preceding Cinco de Mayo period, Constellation en fuego with $$ sales up 17.1%. Gained 1.4 share.
INSIGHTS Express, Vol 19, No 87; May 9, 2017