Wine with Leslie: Wine prices continue to creep upwards

Pic: iStock

I’m not sure about you but I have been noticing a significant creep upwards in wine prices since the start of the year. Part of this is a hangover from Covid which led to price increases in things you might expect such as labour and transport, but also in ancillary items such as packaging and glass.

Many wines under €15 are now approaching €17, and many wines previously costing €10 are now €12 and some are even more. Things are even worse with fine wines. The weather in 2021 was particularly irksome and unpredictable with frost and hail impacting on the quantity produced in several regions. Burgundy is the most famous example as it was hit with terrible frosts in 2021 as well as hail and many producers found their quantity halved, even if quality was high. For many negociants the cost of grapes pretty much doubled, but with demand so high the wines will still sell.