Chateau Brexit? Average price bottle of wine reaches record high
Monday 5th June 2017
Wine lovers are suffering a Brexit-related hangover as the price of the average bottle has soared since the referendum to hit an all-time high of £5.56.
Prices have risen more in the first three months of the year than in the past two years, according to the drinks industry, which is warning of more increases ahead. The average 75cl bottle topped £5.50 for the first time towards the end of last year, and hit £5.56 in the first quarter of 2017, according to the Wine and Spirit Trade Association (WSTA).
Miles Beale, its chief executive, said: “Unfortunately, for both British businesses and consumers, we are clear that this is not a one-off adjustment, but rather that wine prices will continue to rise.”