Business

Trader Joe's raises price of "Two Buck Chuck"

Saturday, January 19, 2013
A worker stacks cases of Charles Shaw wine

A worker stacks cases of Charles Shaw wine at the Bronco Wine Company facility in Napa, Calif., Tuesday, April 17, 2007. 55,000 cases a day are coming out of this Napa Valley bottling plant, more than some upscale wineries make in a year. And it's owned not by some blue-blooded purveyor of high-end reds but by Fred Franzia, famous for Two Buck Chuck and the ten bucks taboo, as in: No wine is worth more than $10. (AP Photo/Eric Risberg) (AP Photo)

The price of the popular "Two Buck Chuck" wine is no longer only two bucks.

The grocery chain Trader Joe's has raised the price from $1.99 to $2.49.

The famous Charles Shaw wine was introduced in 2002.

Though the price varies from state to state, it has stayed at two bucks in California for years.

Traders Joe's says it had no choice but to raise the price due to increased costs.

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