I hope this price hike by the big brewers doesn’t affect the price of microbrews!
Brace yourself: Beer prices are going up
Brewers say rising commodity costs and lower volumes are forcing them to raise its price tags.
NEW YORK (CNNMoney.com) — Beer drinkers beware: The cost of a cold one is going up.
Brewers across the globe are hiking prices to compensate for lower sales volumes and higher commodity costs.
Anheuser-Busch InBev, the world’s largest brewer and maker of Budweiser, announced plans to raise prices Tuesday.
“We plan on taking price increases on a majority of volume and in a majority of markets this fall,” Anheuser-Busch InBev said in a statement. “The increase helps cover some input costs.”
The U.S.-Belgian brewer said prices will go up “across different price tiers,” including its high and low-end brands.
MillerCoors – the maker of popular beers Miller Lite, Coors Lite and Blue Moon — is also raising prices in some markets. But these hikes are part of the company’s regular fall increases and are “more in line with catching up with costs and commodity prices rather than the economic environment,” said Julian Green, director of media relations for MillerCoors.