Beer Prices in the United States from 2020 to 2025

Between 2020 and 2025, beer prices in the United States experienced notable fluctuations influenced by various economic factors, including inflation, production costs, and policy changes.

2020-2024: Historical Overview

• 2020-2021: The COVID-19 pandemic disrupted supply chains and increased production costs, leading to a rise in beer prices.

• 2022-2023: Inflationary pressures continued to impact the beverage industry. By mid-2023, on-premise beer prices had increased by 10.2% over the previous year, with the average price of a 12-ounce serving reaching $4.96. 

• 2024: Retail beer prices saw a modest increase. Adjusted for inflation, the cost of a six-pack in 2024 was approximately $7.88, aligning with historical price trends. 

2025: Current Trends and Projections

• Producer Price Index (PPI): As of January 2025, the PPI for beer, wine, and liquor stores stood at 150.42, reflecting a 1.89% increase from January 2024. 

• Market Expansion: The U.S. beer market was valued at $106.84 billion in 2024, with projections to reach $123.68 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.53%. 

• Policy Impacts: In early 2025, new tariffs were imposed on imports from Mexico and Canada, including a 25% tariff on Mexican goods. This policy is expected to affect the prices of imported beers, such as Modelo and Corona, potentially leading to price increases for consumers. 

• Local Tax Changes: In Chicago, a proposed increase in alcohol taxes by 34% to 36% was introduced in the 2025 fiscal budget. If implemented, this would mark the first retail tax hike on alcohol in the city in 16 years, potentially leading to higher beer prices for consumers in the region. 

In summary, from 2020 to 2025, U.S. beer prices have been influenced by a combination of inflation, supply chain disruptions, and policy changes. Looking ahead, market expansion and regulatory factors are expected to continue shaping beer pricing trends.