It was entertaining to read forum articles from the Straits Times about Singaporean lamenting and complaining over over commodity items that have soared in prices. On one hand, the Government assured the public that neccessities such as rice are amply stocked in our national granary - which could last for at least 3 months - NTUC on the other hand happily raised prices while continously defending their stance that stocks had depleted and the price reflects the latest imported batch...

That aside, I was curious to find out whether wine suffers a similar fate. Over the weekend, I did a price comparision of the 2 recent wines I blogged and this was what I discovered:

For my survey I found that the above labels can vary quite alot in prices.  A bottle of Marqués de Riscal Reserva 2003 was sold for $36 at Carrefour whereas the same label cost $6 more.

Bottom line is that prices of wine varies like any other commodity items. It's may not be obvious upfront whether inflation sets in because the labels could be priced differently by retailers for competitive reasons due to Supply and Demand.  Nevertheless before you buy, it's best to shop around to see what's the best bargain in town. What you always thought is the cheapest place to shop could very well end up being the most expensive.