Shanken reported today that Beam Inc. has raised prices on its bourbon brands and could take a second round of U. S. price hikes yet this year. The announcement was made by Beam North America president Bill Newlands. The Beam bourbons (Jim Beam, Maker’s Mark, Knob Creek, etc.) will probably go up the most. Newlands cited rising corn prices in the U. S. as the primary reason. Scotch, tequila, and cognac prices may also rise. Vodka probably won't (too competitive).
Nobody likes to pay more but this is another indication of the industry's robust good health, and that's good for everybody.