Wine prices are set to massively increase within the next year.
One wine firm described the rise as “absolutely eye-watering” and said consumers could face “big increases”, The Grocer reports. It comes as wine suppliers are set to pay 45% to 70% more for their glass bottles next year, as energy costs drive up their prices.
The cost of recycling glass is also increasing meaning that this will add to costs further. Although, many wine firms are now trying to reduce the amount of glass used to save money.
