US: AB InBev to raise US beer prices in October

Belgium based leading global brewer Anheuser-Busch InBev SA's U.S. unit plans to raise prices by 3 percent to 5 percent across its beer portfolio in October as it seeks to offset higher commodity costs, Reuters cited the company on July, 19.

The maker of Budweiser and Bud Light said the increases, which will vary by brand, package and market, will go through on October 3.

The company last raised prices in September 2010.

AB InBev is the leading global brewer and one of the world's top five consumer products companies. A true consumer-centric, sales driven organization, Anheuser-Busch InBev manages a portfolio of well over 200 beer brands that includes global flagship brands: Budweiser, Stella Artois and Beck’s, fast growing multi-country brands like Leffe and Hoegaarden, and strong "local
champions" such as Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, and Jupiler, among others.

20 July, 2011