The rising price of transportation is biting us again, right in the 12 PACK! Serious stuff!!!:nuts:
Brace yourself: Beer prices are going up
Brewers say rising commodity costs and lower volumes are forcing them to raise its price tags.
By Ben Rooney and Catherine Clifford, CNNMoney.com staff writers
Last Updated: August 26, 2009: 8:07 AM ET
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With so many great advertising campaigns over the years, we asked Mark Tutsell, chairman of Leo Burnett Worldwide and of the CLIO Awards, and Mary Warlick, executive producer of the ad documentary "Art & Copy" to help us pick a few favorites.
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 volumes and higher commodity costs in the recession.
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.
The price hikes are part of a broader industry trend.
Heineken, best known for its Heineken and Amstel brands, said Tuesday that its global price increases have helped it turn profits despite sagging volumes.
http://money.cnn.com/2009/08/25/news/companies/anheuser_busch/index.htm?postversion=2009082608