Price of Cheap Beer in NYC Rising Because of Hipsters, Study Says

A near 10 percent increase in "sub-premium" beer prices in the last seven months

Thanks to hipsters, the price of cheap beer like Pabst Blue Ribbon is on the rise.

A recent study by Restaurant Sciences found that low-cost beers like Budweiser, Miller Light and Coors Light are going up thanks to the rise in popularity of Pabst Blue Ribbon (PBR)-- favorite among the community of bearded men in skinny jeans.