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A toast to the New Year

December 31, 2024

The coming of a new year is traditionally a time for reflection, resolutions, and perhaps a toast with a glass of bubbly. Come along as we examine both changes in spending and prices for alcoholic beverages.

 Average annual consumer expenditures on alcoholic beverages, U.S. dollars, 2013 to 2023
Year Alcoholic beverages at home Alcoholic beverages away from home

2013

261 184

2014

249 214

2015

290 225

2016

267 217

2017

278 280

2018

293 290

2019

316 263

2020

331 147

2021

305 249

2022

286 297

2023

294 343

In 2023, households in the United States spent an average of $294 on alcoholic beverages consumed at home and $343 on alcoholic beverages consumed away from home. Over the last decade, the average expenditures on alcoholic beverages consumed at home ranged from $249 in 2014 to $331 in 2020 during the COVID-19 pandemic. For alcoholic beverages consumed away from home, spending ranged from $147 in 2020 to $343 in 2023.

 12-month percent changes in the Consumer Price Index for alcoholic beverages, all urban consumers, November 2020 to November 2024
Month Alcoholic beverages at home Alcoholic beverages away from home All items

Nov 2020

2.9 3.3 1.2

Dec 2020

2.8 2.8 1.4

Jan 2021

2.4 2.5 1.4

Feb 2021

1.8 2.3 1.7

Mar 2021

1.5 2.6 2.6

Apr 2021

1.1 2.9 4.2

May 2021

1.2 2.0 5.0

Jun 2021

1.6 2.2 5.4

Jul 2021

1.8 3.3 5.4

Aug 2021

2.2 3.0 5.3

Sep 2021

2.4 3.4 5.4

Oct 2021

1.5 3.2 6.2

Nov 2021

1.3 2.7 6.8

Dec 2021

1.2 3.7 7.0

Jan 2022

1.5 4.2 7.5

Feb 2022

2.5 4.5 7.9

Mar 2022

2.7 4.9 8.5

Apr 2022

2.8 5.1 8.3

May 2022

2.7 5.9 8.6

Jun 2022

2.9 5.6 9.1

Jul 2022

3.1 5.7 8.5

Aug 2022

3.2 5.7 8.3

Sep 2022

2.9 5.8 8.2

Oct 2022

3.8 7.0 7.7

Nov 2022

4.5 7.1 7.1

Dec 2022

5.3 6.8 6.5

Jan 2023

5.3 6.9 6.4

Feb 2023

4.3 6.2 6.0

Mar 2023

3.9 5.8 5.0

Apr 2023

3.6 6.5 4.9

May 2023

3.9 6.3 4.0

Jun 2023

3.2 6.6 3.0

Jul 2023

2.7 6.4 3.2

Aug 2023

2.4 6.0 3.7

Sep 2023

2.9 6.4 3.7

Oct 2023

2.7 5.3 3.2

Nov 2023

1.5 5.2 3.1

Dec 2023

1.2 4.6 3.4

Jan 2024

1.2 4.0 3.1

Feb 2024

1.8 3.6 3.2

Mar 2024

1.7 3.6 3.5

Apr 2024

1.6 2.8 3.4

May 2024

1.4 2.2 3.3

Jun 2024

1.7 2.1 3.0

Jul 2024

2.0 2.0 2.9

Aug 2024

1.9 2.2 2.5

Sep 2024

1.6 1.4 2.4

Oct 2024

1.1 2.3 2.6

Nov 2024

1.1 2.7 2.7

Note: Data are not seasonally adjusted.

Prices for alcoholic beverages consumed at home rose 1.1 percent from November 2023 to November 2024. For alcoholic beverages consumed away from home, prices rose 2.7 percent over the year, the same as the overall increase for all items.

Expenditure data are from the Consumer Expenditure Surveys program. Price data are from the Consumer Price Index and are not seasonally adjusted.   

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, A toast to the New Year at https://www.bls.gov/opub/ted/2024/a-toast-to-the-new-year.htm (visited February 15, 2025).

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