Beam Inc., the maker of the world’s best-selling bourbon, announced a price rise across its bourbon portfolio earlier this month.
The Jim Beam maker went on to raise the prospect of a further price rise later in the year.
The Shanken News Daily reported that North America president Bill Newlands told a US food summit earlier this month that the rising wholesale price of corn necessitated the price hike.
However, the improving economic conditions also mean that general prices on are likely to increase having been relatively static in recent years.
According to the report cognac, Scotch and tequila prices are likely to follow those of bourbon, while the more competitive vodka market means rises there are less likely.