Wine, liquor prices set to increase at Pennsylvania stores

PHILADELPHIA (CBS) — The Pennsylvania Liquor Management Board is elevating costs on greater than 3,500 of its hottest wines and spirits.

They are saying inflation is guilty. 

The 4% improve goes into impact at Positive Wine and Good Spirits shops beginning January fifteenth.

In response to monetary paperwork from the PLCB, liquor gross sales dipped in 2020 because of the COVID-19 pandemic and shutdowns at bars and eating places. Gross sales rebounded the next yr when wholesale picked again up as extra bars and eating places had been open.

There was a report $3.017 billion in gross sales within the 2021-22 fiscal yr, the primary time gross sales topped $3 billion.

Within the 2022 fiscal yr, the company reported a report web revenue of $330.9 million after lowering working prices and long-term liabilities.

The company contributed $839.7 million to governments and different companies final fiscal yr.

PLCB operates 600 Positive Wine and Good Spirits shops throughout Pennsylvania and handles liquor licenses. Taxes and retailer earnings from the company go into the state’s Basic Fund.