Prices, demand are up at the bar

05/10/2013 | SmartBrief/SmartBlog on Food & Beverage

Fine dining and higher-end casual eateries have boosted cocktail prices in the past six months, largely as a result of consumers opting for more premium brands and experimental drinks, according to Restaurant Sciences. Wine prices have also risen in recent months amid rising demand and weather-related shortages, and the market for craft beer has remained strong enough for casual chains to explore new ways to put the brews on the menu.

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