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Wine vinegars do still contain some level of alcohol. The vinegar taste is actually due to acetic acid, but the chemical transformation is never fully complete just sitting around a kitchen. Vinegar would be much too gross to drink in the quantity it would take to intoxicate anyone.
The vinegar is cooked in pressurized vats and aged for at least two months in large wooden barrels. There is no fermentation stage. Balsamic Vinegar of Modena I.G.P. must contain wine vinegar to bring its acidity to at least 6%, and can contain up to 50% wine vinegar, often both aged and young. It may contain thickening agents, caramel, or other colorants to make it more like real balsamic.