The data, obviously, may differ from the actual prices of negotiations, but they give an idea of the situation, which is in sharp contrast to Spain, where white table wines in the last 12 months have grown + 36.7%, to reach 3.52 euros per hectograde (degree alcohol) and red wines have grown + 43.8%, to 4.45 euros per hectograde, as well as to France, where the quotation of white table wines increased +4.8%, to 6.74 euros per hectograde, and red table wines + 18.7%, to 6.61 euros per hectograde.
https://winenews.it/en/ismea-data-in-12-months-prices-of-tab...

Entry-level generic red has been at EUR5.0/hectodegree, meaning that wine at 12% alcohol worth EUR60/hectolitre has been very difficult to find.
http://www.mvwi.com.au/items/981/Ciatti Global Market Update...