According to a report from USA Today, the price for your bottle (or box) of cheap wine may soon be going up. The wine experts say the price increase is because of poor weather conditions in Europe which resulted in a historic low of global wine production last year. And when they say 'historic', they apparently aren't kidding because they say wine production levels haven't been this low since 1957.

How much will the price increase? Well, that's not completely clear at this point. All I know is, I'd better start stocking up on my cheap boxes of moscato sangria! :)

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