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Chronicle Live
Business
Catherine Addison-Swan

Wine prices set to increase by ‘eye-watering’ amount next year, supplier warns

Wine drinkers have been warned they can expect the price of a bottle to surge next year, in the most recent blow to shoppers amid the cost of living crisis.

Wine is said to be the latest product that will change its prices at the supermarket in the coming months. According to The Grocer, one source at a major supplier suggested that shoppers would face “big increases” in the cost of wine, adding that prices could prove “absolutely eye-watering”.

This is chiefly due to the rising cost of energy driving up the price of glass. Major wine suppliers are expecting to pay between 45% and 70% extra for bottles from next spring, after having already seen prices climb this year.

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