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Consumer Beer Prices Tracking Inflation So Far in 08
Consumer price index for beer up 4% Jan-Apr, according to govt data. That's just behind 4.1% increase in CPI for all items. We report 4-month avg; month-to-month increases just slightly higher Jan-Feb than Mar-Apr for both indexes. Meanwhile, wine and spirits price lagging inflation. Consumer prices for spirits up just 1.8% for 4 mos. Wine prices up 2.7%.
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