US: Wine prices inch back up
US: Wine prices inch back up
Aug 27, 2012 6
(PressDemocrat) - After years of enjoying discounts on fine wines, consumers are finding prices have begun to inch back up. They can partly blame themselves. Feeling slightly more confident about the economy, wine drinkers who traded down from mid-priced varietals during the recession are increasingly willing to pay $20 or more per bottle, according to a new report by Moody's Analytics.
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