Why beer is getting so expensive
ฝัง
- เผยแพร่เมื่อ 3 ต.ค. 2024
- Beer is the most popular alcoholic beverage in the world, a standing that has been boosted by the drink’s relative affordability compared to cocktails or wine at a bar. Yet everyone from multinational brewers to small craft beer companies to pub chains has been warning about the beverage’s inevitable price increase.
#CNBC #Beer #Inflation
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Beer is still cheaper than gas, I’d rather drink than drive 🍻🤩happiness is drinking a beer a day and wine 🍷 for dinner, coffee ☕️ for breakfast and plenty of water in between.
Paid $8 for a corona at the bar last night.....
I like beer better than gas too! Good point.
I aspire to be the vibes radiating from this comment.
Một hai ba dzzooo
Now that sounds like the recipe for a happy and healthy life
Proud to see a South African journalist make it on the international stage☺
I like the reporter ! He's charismatic and entertaining !
This is Arabile's first video with us. We'll pass on your compliments!
@@CNBCi definitely would love to see more videos like this from him!
Yes he is great more from him please
Absolutely!
Homebrew it and invite over some friends. We have 3 on tap, ginger beer, and were going to make another rootbeer this week (it never last, homemade is best).
500ml beer in glass bottle in Poland (local supermarket)
low quality - 0.42$
medium quality - 0.67$
high quality - 1.09$
And this is WHY I make my own beer/wine/mead. Cut out the middleman. So easy to make with a $100 investment.
It's getting more expensive because fools keep paying more and companies want to charge as much as they can
ive cut waaaay back on drinking at pubs
Seems you're not the only one.
Pleasant announcer's voice and delivery, with Interesting accent! CNBC has great coverage of interesting global subjects.
Buying beer in Canada requires a mortgage 😂
😬
Really?
I’d take out equity for beer 🍻😆
I started home brewing over 12 years ago. Never looked back, my fellow Canuck!
Really impressed with the reporter! Send him out on more assignments
So happy to see Arabile here 🇿🇦
I paid over 10$ for a beer in Canada more than once !
And to think so much of the barley comes from Western Canada too!
I work in grain distribution for breweries and we eat the shipping cost now just to keep good relationships with brewers. It sucks out here
I am in both the beer and Cider production business. It's gotten tough for real.
Thank you for sharing your experience.
@@CNBCi an often overlooked ingredient in beer, CO2 is also in short supply right now. CO2 occurs naturally in the process but most smaller breweries don't recapture and will "bleed" CO2 from fermentors during production. Once they are ready to package they will transfer to a Brite tank and reintroduce CO2.
Europe seems to be hit the worst by the shortage but I have seen supply interruption in the US too.
@@Degarth damn did know that
Thank you for uploading this well-scripted, presented and easy-to-follow break-down of the 'grain to glass' costs....using the KISS principle, naturally.😉
Who the hell goes to bars and pubs these days? £6.50 a pint?!? Are you serious?
I have a bar at home. It's a beautiful hand-made bar. A pint of beer costs just £1 at my bar.
I'm brewing at home for quite some time (2.5 yrs) and prices are very stable. Nothing fancy, exploring kits of which most are imported from UK to IE (Brexit had minimal impact on kit prices). Price per pint ranges from 30c-70c (depending on the kit) without bottles (which are recycled so win-win)
330ml beer in Tokyo is around 240yen/USD$1.75. Supermarket alcohol in Japan is pretty cheap.
I wonder if they use more rice in there beer over there
Ship me some 40z mate
@@missourimongoose8858 I had no idea before but you got me curious so I did a little digging. It turns out major Japanese beer brands mostly use rice.
@@ibec69 I figured, I heard a while back that bud and Busch have rice in them as well to lower the cost
@@missourimongoose8858 I like the taste of Japanese beer so I have no complaints about rice.
It wouldve been nice to have some relativation regarding the increase in price of a beer from 2008. It is easy to forget that that is in fact 14 years ago now. How does the inflation of beer prices in 2022, and possibly even 2021 in order to account for the war, compare to other products or commodities?
Looks like more people need to start Home Brewing! Some upfront costs but long term, you could easily brew cheap or expensive beer, but that would be your choice and personal taste preferences. Most people drink cheap beer at bars and pubs while the more expensive beers in pubs usually have a lower margin but not always.
I can do 5gals for about $30
Agreed, I’m running at about $1.25 a bottle on average right now.
Agreed, I brew hop monster IPAs between 5 and 6% abv for between 60 and 70 pence a litre.
Absolutely, made a Sam Adams homage for around 1.50 per L, and it is delicious.
Farmers were told to throw out harvests by the banks in these years. we produced plenty of foods just none of it made it off the farms
Right now, I see no reason to go out and pay for alcohol. It is so much cheaper to buy a 6 pack or more and drink at home.
Just start brewing your own beer. Tastes 20 times as good and its cheaper
Brew your own beer / wine / cider / mead / whatever at home.
It's easy and it's way cheaper and you get to be proud that you learned a skill and made something yourself.
I been sober for 7 years now, And i stopped smoking cigarettes about 10 years ago. All that money saved on trips and vacations ... Totally worth it. *cheers to you all* (On your tab)
I love the mixed information presentation format.
In Australia its excise tax. Close to 50% and rising. $10 dollars AUD for 425ml schooner of draught beer the other day in Brunswick Heads.
I remember when pints used to be $6 at breweries like 3 years ago , nowadays it’s anywhere from $8-10 . I live in California btw
Its $5 here. No significant increase, but I guess people like paying more in California.
I save a lot of money by not drinking. The taste of ethanol never suited my palate.
I think it's an acquired taste. For first few drinks I don't enjoy any alcoholic drinks at all. Now I can enjoy beer, tho mixing it with 20% of water.
Love the reporter! Great presentation!
Name one thing NOT going up in price.
Learn how to home brew, the set up cost is marginal. Believe me with best practice you can make a vast variety of styles and make them very well.
Last year, a six pack of Budweiser was 5.50$. This year, the same six pack costs over 9.00$. Far more than a slight price increase. The United States beer market has effectively been ruined along with most other markets. Good work everybody.
You guys are spoiled. In Canada a bottle of beer is about $2 on average, so 12-15 for a six pack. A pint at a restaurant or pub will run you about $7-9 now.
@@Tomn8er canada is basically hell
There are over 400 craft breweries here in Colorado. That is just nuts. Build-a-bear has around 400 locations world-wide, for an example comparison.
The more a business relies on external supplies and services, the less control and forced pricing upwards that the firm must endure. A company with little interaction with processes outside of its internal operations means it can withstand massive inflation and deflation forces for a long time. Global supply chains were never going to sustain minimal fluctuation of costs in the long term, because of potential interruptions and competitive challenges both domestically and internationally for any business.
Almost as if globalization comes with a huge downsides
@@TheMissingxtension Globalization comes with the downside that prices on a commodity might go up, but you'll probably still be able to get most things (if at higher cost).
Insisting on restrictive localization comes with the downside that one adverse event in your local area could wipe out local supply of something, and then you can't get it _at all._
I know which one I prefer.
@@wasd____ on the other side of the extreme the Chinese were victims of globalization since the Opium Wars
I'm a Muslim who will never consume alcohol but i found this programme very interesting. And the presenter is charismatic and very likable!
Gotta get a South African to talk about beer 😂
Thirsty Man is a grumpy man... LOL 😆
Thank god I'm not a drinker...but I'm considering. Any recommendations
try water
Learn to brew at home.
Make some hard cider. I spend around $4 per gallon on ingredients.
with the state of the world as it is I would rather have a bottle in front of me than a frontal lobotomy
Great video and very true. Well done 🎉
I've started brewing my own cider, wine, and mead at home. It's a fun hobby. 🍻
Never expensive should be beer
But working class friend
It isn’t so hard to understand… cost of energy is higher so production cost is higher across everything…
Its 7$ a pint adverage in US.
"A lot of people left their job during covid because of job security" i.e. we were not paying them, and now they went and found other work they won't come back for the peanuts we're offering.
It is still quite inexpensive for something potentially damaging to oneself or their surroundings.
That said, the general inflation is worrisome nonetheless.
Here i am thinking, "but bartenders work on tips", forgetting that this video is from England.
Good time to quit drinking!! Whooos coming with me?!❤
Another thing, it has become trendy to be health conscious. I hear more and more people in London talking about going alcohol-free. Loads of people are trying to avoid alcohol or at least not use it so much. This is really going to hurt pubs.
Cries in Canadian
F it.....I'll go without.
Usa Budweiser much cheaper than other brands 8.99 for 6 pack other brands cost 11.99 for 6 pack. AZ at gas station
It is a deadly cycle.
You got upset that beer prices rose. What do you do when you're upset? You guessed it: Drink Beer.
That is why these manufacturers are not worried. Because you do not have an alternative to cope with stress other than to chug their product.
Want to stop this madness? Find an alternative to Beer. I would say face your problems head on without getting stressed but if you can do that, Beer wouldn't be an option so sucks for you.
P.S. If you're a UK citizen, you have to find that alternative a little bit faster. There's one woman that's gonna cause you a lot of headaches and her name is PM Liz Truss. And I am telling you, it's not gonna get better so you will drink up if you are not careful.
As a wisconsinite i can say beer prices going up is tragic
You can thank ballast point. As soon they released their sculpin 6 pack for 14.99 when a 6 pack of stone or Stella Artois were 7.49 all the other companies followed suit within a year
Miller lite or nothing broski😂
@@Dontslaythybroski really? Not 805? Like the hat says?
I don't know where you are, but here our State adds a 50% surcharge to the normal sales tax for beer and wine sales. Lets not forget that little item in the cost of your pint.
Used to get 30 packs for $7.49 a few years ago and cases for $6 a year before that. Well that's 9.49, so dang I'm prices out.
Because it also might have its own economics
Reykjavík, Iceland is missing from this list. So it makes me wonder which capitals are also missing..
We just highlighted the 10 most expensive capitals. The full list can be found here: www.expensivity.com/beer-around-the-world/
@@CNBCi that's what I'm saying. Being an Icelandic national, I know beer prices here should be in the top ten list compared to the prices on the list you show. But it isn't, so your list is wrong.
Nitwit juice, this is why the govts were so accommodating with booze home delivery and strange tactics during the quarantine.
Not even caring about gaining addictions which seemed to be a concern in previous decades…
This has gone up, that is hard to find... blah, blah, blah. Stop buying it and I bet all of the sudden the problems stop.
Life will change as we know it today in eu and uk.
$8/pint in Canada
Can still find $1.50 24 ounce here in USA. No need to worry here folks 🙃
Glad the ingredients in the beer I drink comes from a place just a few hrs away.
Is it because of inflation?
Yes - mixed in with some other stuff.
@@CNBCi It's Putin's fault.
@@CNBCi The Prices in the UK are so high because of Taxes not because of the inflation of the last 2 years or so.
All these governments messing with farmers isn't going to help either
Jaja, i don't drink at the bar. So even in London $2.94 to Tokio at over $3 at the supermarket, it's not a problem for me
global warming is effecting the growth of wheat, barley and every other foods and commodities every thing is getting harder to grow; the temperature change is a domino effect
thanks the polititards for the artificial increase in fertilizer prices. the aflatoxins problem caused by pollution is a big strain on the market too.
To many middle men taking a cut
Corporate Greed. What part don't you understand? OR, What part are you choosing to ignore?
At 2:40, do you mean ~30% decrease or ~50% decrease?
They know per studies that when things aren't working out, people drink. They are going to get you one way AND another
Beer/ Alcohol is expensive in Amman due to the country being Muslim, I had to scour the city to find the liquor store
They will figure it out, they just need to mix some other cheaper stuff in there.
Time to start investing in Kegs people.
Because you will own nothing and screw your happiness WEF got to fulfill it mission of agenda 2030
Hmm, if you mandate by law 30% less fertilizer use per acre you will be producing less (at least 30% less) crop. Also, if you require that you use 30% less fertilizer and require more grains to be used as ethanol fuel for vehicles, then you are guaranteeing that things such as beer will get more expensive. Same with meat, dairy, hard alcohol, bread, ect.
Good thing I stocked up
Moonshine fellas
Moonshine
Nice video.
Those numbers for the London are ridiculous. 7th? The first two are in Muslim countries where only foreigners are allowed to drink in certain locations. In a country like the UK, were the pub and the pint are sacred, it shouldn't be that expensive.
Isn’t everything getting expensive?
taxes. simplest answer. been happening for years in ontario
You missed out Australia 🇦🇺
greediness
Im surprised Jakarta doesnt made into top 10 where a pint cost $9 usd 🤪
Stop drinking, liver and wallet gonna be happy
Awu dankie njayami
Invest in Beer it has more %
i just make my own beer and mead so not an issue
Beer is 95% water
Government policies.
well................
how come foreigners can say words like beeR but any say others like baR. bah
he can say argentina just fine but can’t say bar and they are pronounced the same 🤓
he started the video by putting the glass into the tap. PASS/RED FLAG. (JK im watching it but thats offensive)
You can get 30 Busch lights for $20.... there's alot of lesser things you can't get for $20.
Sure, but then you're drinking Busch lights. :(