Taxpaid Shipments -2.5% in Jul, Sez Beer Inst; US Biz Runnin’ Down 1% Yr-to-Date
Better Jul scans for beer not reflected in shipments by domestic brewers. Indeed, taxpaid shipments down for 6th straight mo in Jul, -382K bbls, -2.5%, estimates Beer Inst economist Michael Uhrich. That was despite extra selling day, Michael points out. Jul was a tuff comp: up 5% last yr. In any case, taxpaid shipments down 1.67 mil bbls, 1.7% for 7 mos. Jan-Jun import gain offsets almost a half-mil bbls of that loss. But looks like total US shipments running down about 1% yr-to-date, even while scans suggest off-premise volume even to up slightly thru Jul.
INSIGHTS Express, Vol 21, No 172; August 22, 2019
Beer Prices Up 2.6% in Jul
Consumer price index for beer surged to +2.6% in Jul vs Jul 2018, per latest gov’t stats. CPI for beer has been up over 2% in 3 separate months so far in 2019 after not getting above that mark prior 15 months. Beer prices outpaced 1.8% increase for All Items in Jul as well as solid 2.4% increase for spirits prices and 1.6% gain for wine. YTD thru Jul, CPI for beer is up 2.1%, compared to 1.8% increase for All Items and just behind 2.2% spirits gain. CPI for wine up 1.2% Jan-Jul.
INSIGHTS Express, Vol 21, No 164; August 13, 2019