By Jerry Hirsch
August 26, 2009
August 26, 2009
Here's some sobering news: Beer prices are going up
The nation's two largest beer sellers said Tuesday that they planned to raise prices, although they provided few specifics.
"We feel like we will take a moderate price increase on our portfolio," said Peter Marino, spokesman for Chicago-based MillerCoors, maker of Miller Lite, Coors Light and Blue Moon. He blamed higher costs for the price hike.
Like other food manufacturers, brewers have been hit by commodity price increases in recent years, but have not been as aggressive about raising prices, analysts said. Traditionally they raise prices in the fall. . . . . .
_____________________________________________________________