World wine consumption falls to 27-year low as inflation hits wallets

decanter.com — Rudy Ruitenberg The world wine industry had another tough year in 2023 as inflation pushed up prices and eroded household budgets, prompting consumers to buy fewer bottles. Wine consumption fell 2.6% to an estimated 221 million hl last year, slipping for a second year to the lowest level since 1996, the International Organisation of Vine and Wine (OIV) said in its annual...

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