"Shoppers can expect higher prices and possibly slimmer selections at their local wine shops, as importers are facing steep tariffs and shopkeepers are dealing with declining demand. Bottled wine prices have risen nearly 20% over the past 25 years and 8% over the past decade, according to the latest government data. Several reasons are to blame, including climate change, inflation and rising production costs."
"Wine prices at McCabes Wine & Spirits shop in Manhattan are between 5% to 12% higher this year because "it's the reality of the tariffs, shipping, manufacturing and labor," said owner Daniel Mesznik. His shop, like others in the United States, are working to strike a delicate balance. They're dealing with higher upfront costs due to a hodgepodge of tariffs from President Donald Trump's administration - notably, a 15% tariff on European Union imports - while trying not to pass too any of those costs to their customers"
Consumers face higher wine prices and potentially slimmer selections as importers and retailers confront steep tariffs, rising shipping and labor costs, and declining demand. Bottled wine prices have risen nearly 20% over 25 years and 8% over the past decade due to climate change, inflation and higher production costs. Some retailers report 5% to 12% price increases and are attempting to limit passing costs to customers. Importers report sales down 13% year over year. Wine volume consumed in the United States declined 3% from 2019 to 2024 and is projected to fall another 4% through 2029, with casual drinkers deterred by cost and bottle sizes.
Read at ABC7 Los Angeles
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