Beer prices will increase by the end of the year

[Yankee23]

http://articles.moneycentral.msn.com...x?post=1236196

Beer drinkers, get ready to shell out more for a Bud: Anheuser-Busch InBev (AHBIY) is boosting the price of its brews.



The increases will occur later this year and will cover "different price tiers," the company told The Wall Street Journal late Tuesday.



"We do plan on taking prices up in the fall on the majority of our volume in the majority of the U.S.," Dave Peacock, president of Anheuser-Busch InBev's U.S. division, told the paper. "The environment is very favorable, we think."



Rival MillerCoors also plans price increases. "We have seen very strong pricing to date this year, and we are projecting a favorable pricing environment moving forward," Brad Schwartz, the vice president of revenue management and sales development at MillerCoors, told the Journal. MillerCoors is a joint venture of Molson Coors (TAP) and SABMiller (SBMRF).



Neither company said how big the price increases would be.



Beer prices in the U.S. have been rising despite the recession. In July, the price of beer, ale and other malt beverages sold for consumption at home had risen 4.6% from July 2008, according to the Labor Department's Consumer Price Index. The year before, prices rose 5.3%.



Meanwhile, distilled spirits rose 2%, and wine was up 1.6% in July. Consumer prices overall were down 2.1% in July, the biggest year-over-year drop since 1950.



Belgian InBev bought Anheuser-Busch last year.

[be47320]

bad news for everyone at the mall except windy city irish who only drinks vodka lemonades

[Yankee23]

Usually a trend that micros will follow shorty after

[Romanowski]

Originally Posted by Yankee23

Usually a trend that micros will follow shorty after

you own a liquor store yank?

[RanPicks]

Originally Posted by be47320

bad news for everyone at the mall except windy city irish who only drinks vodka lemonades

yes, but don't forget the Zimas with jollyrancher...

[RanPicks]

Originally Posted by Romanowski

you own a liquor store yank?

no just thinks he has stock in one...

[Yankee23]

Originally Posted by Romanowski

you own a liquor store yank?

Not liquor but in beer industry

[RanPicks]

Originally Posted by Yankee23

Not liquor but in beer industry

aka... drinks beer...









A LOT!!!!

[dhunter]

Thankfully I don't drink bud or coors

[Romanowski]

thought so

any new IPA micro brews you recommend?

still drinking the belgians and only american I like is Hop Devil and the 60 minute Dog fish

Im a big hoppy IPA fan

[Yankee23]

Sierra Nevada Torpedo

Stone IPA

Sothern Tier IPA (NY microbrewery)

Saranac Imperial IPA

[dhunter]

Racer 5 (bear republic)
lagunitas

both are local breweries here. Good IPAs

[revnecro1273]

Originally Posted by Romanowski

thought so

any new IPA micro brews you recommend?

still drinking the belgians and only american I like is Hop Devil and the 60 minute Dog fish

Im a big hoppy IPA fan

i can't get anout of dogfish 60 minute..2.75 22 oz at this rib joint i go to on thursdays for trivia...will have a couple hop devils next week when i am sitting at the philadelphia airport...my 2 favourite american beer

[Gobbler's Knob]

Originally Posted by be47320

bad news for everyone at the mall except windy city irish who only drinks vodka lemonades

Vex bananatini

[ZoomVT]

romo try a harpoon IPA; its pretty decent.
i also like Magic Hat #9 though not an entire IPA.