Ach mein Gott!
Just as the price of oil approaches the milestone $100-per-barrel mark, the beer industry in Germany is bracing for a 10 percent to 15 percent price increase early next year and as much as 40 percent over the next five years.
This isn’t just hitting poor Germans in the barstool… my local homebrewing store has been telegraphing rising grain prices for the last few months, and has finally stated that prices will jump in January and may double over the course of the next year. More news on the subject here.
Rising beer prices won’t make everyone sad, of course, but I think it’s one of those ‘canary in the coal mine’ kind of things… acting as a harbinger of general food price increases to come.