Consumer News – Beer Prices Rising Due to Global Warming?

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Retail Sales Slowing

Retail sales showed more signs of slowing last month.

Retail sales went up just one-tenth of one percent last month. The same figure it had been in August. 

That’s the weakest two months showing since January and below economist projections of .6-percent growth.

Automobile sales ticked up in September by .8-percent after falling in August but that was offset in part by a big drop in spending at restaurants and bars, down 1.8-percent. 

Halloween Costume Spending Up

Halloween is just a couple of weeks away and more people will be celebrating with their pets this year.

According to the National Retail Federation, more than 31 million people plan to buy a Halloween costume for their pets.

Nearly 20 percent of celebrants plan to dress their pets in costumes. That’s up from 16-percent last year.

According to the survey, millennials – those ages 25 to 34 years old- are most likely to dress up their pets.

When looking for inspiration for the perfect costume, 35-percent of consumers will look online and 29-percent will look in stores.

Beer Prices Rising Due to Global Warming?

Scientists say global warming might make your next beer more expensive.

Heat waves and droughts could mean you’ll be paying more for your next pint.

According to an international group of researchers, global warming will hurt the production of a key beer ingredient: Barley.

The losses could be as much as 17-percent and lead to the average cost of beer doubling for consumers.

That’s according to a study in today’s “Nature Plants” journal.

In the United States, two-thirds of the barley crop is used to make beer.

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