Inflation through the wine glass
What $30 would buy in…
1988: Second growth Bordeaux
1998: Fifth growth Bordeaux
2008: Cru Beaujolais
2018: Vinho verde?!?
Jun
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On June 23rd, 2008 at 8:49 pm ,Dale Cruse wrote:
2028: One Boone’s Farm wine cooler.
On June 23rd, 2008 at 11:38 pm ,Tyler Balliet wrote:
2038: A handful of grapes.
On June 23rd, 2008 at 11:53 pm ,Arthur wrote:
2058
Charles Shaw
On June 24th, 2008 at 8:22 am ,Michael wrote:
Frightening, and hard to see where it ends, as is evidenced by the guesses above. I would like to guess at some small rebound in the dollar which could help. Farther down the line I wonder about entirely new wine regions to supply the growing demand of the East. Yet even a snap-back will not bring the Leoville back into range, nor the Lynch (though I suspect other fifth growths are perhaps in this range) For me though, for now, 30 buys lesser burgundy, though perhaps not after tax. Okay, how about lesser Rhone, still well within that range.
On June 24th, 2008 at 10:22 am ,MONOCOM » Blog Archive » Lemon Laws - Protecting Consumer Rights wrote:
[…] Inflation through the <b>wine</b> glass […]
On June 24th, 2008 at 10:57 am ,JDWebster wrote:
I can’t but think that the seemingly endless upward trend has to even out at some point. Who is really going to pay $30 for something like a vinho verde or other innocuous quaffer.
On June 24th, 2008 at 11:06 am ,Jeff wrote:
2008 – Four packs of twelve, Pabst Blue Ribbon.
On June 24th, 2008 at 3:18 pm ,Philip James wrote:
What are the inflation adjusted figures? $30 was a lot more money back in 1988.
On June 24th, 2008 at 3:26 pm ,Mark Ashley wrote:
Philip, isn’t that the point, that inflation has eaten up the value of the dollar?
On June 24th, 2008 at 3:30 pm ,Philip James wrote:
I wasnt sure if its a commentary on exchange rates, inflation, or on real purchasing power.
All the wines are European so i assumed it was a commentary on exchange rates
On June 24th, 2008 at 3:46 pm ,Dr. Vino wrote:
Good ones!
Philip – yes, a minor commentary on the dollar’s weakness but more of one on escalation in wine prices across the board. An entry-level Napa cab is like $50 these days…
Vinho verde for all! (in a box)