Skip Nav
Cooking Basics
The 1 Homemade Condiment You Should (and Can) Make Immediately
Recipes
29 Summer Recipes That Make Feeding a Crowd a Breeze
Baking
11 Sweet Scone Recipes You'll Want to Bake Immediately

Beer Prices on the Rise; Budweiser Goes Global

In the mood for a brew? Be forewarned, a cold one could cost you. Anheuser-Busch InBev and MillerCoors have both announced plans to hike beer prices. Falling sales and higher costs of commodities like barley and hops have forced them to compensate by raising prices. In a statement Tuesday, US-Belgian company Anheuser-Busch InBev said it will raise stickers "across different price tiers" in "a majority of markets this Fall" to cover "input costs." Likewise, InBev's biggest competitor, MillerCoors, intends to increase prices this season. Higher prices from the two conglomerates — which together comprise more than 80 percent of the market — will impact the beer industry during a time when beer drinkers are reaching for the cheapest selections.

In a New York Times commentary, "Rising Beer Prices Hint at Oligopoly," the op-ed's writers lament that the two companies' abilities to raise prices while customers are hurting "highlights the pricing power that has accompanied industry consolidation" and "begs for an antitrust review."

Anheuser-Busch isn't stopping there. The beer overlord has aggressive plans to transform Budweiser into a global player, using Coca-Cola as a marketing model. The corporation hopes to introduce the "King of Beers" into dozens of new markets, including parts of Africa. Have you noticed rising beer prices? Could Budweiser eventually become an international symbol like Coke? Should Anheuser-Busch and MillerCoors face antitrust allegations?

Image Source: Getty
From Our Partners
Sugarfina Corona Candy Collection
Pink Lemonade Shandy From UFO
Dogfish Head Pink Beer
Ballast Point Brewery at Downtown Disneyland
Best American Beers
Latin Beer Cocktails Recipes
Who Invented Beer? (Video)
How to Get Rid of a Beer Belly
Easy Grilled Chicken Breast Recipe
Calories in Popular Beers
What Is the Best Tasting Light Beer?
Top 10 Highest-Calorie Beers (and the 10 Lowest!)
From Our Partners
Latest Recipes, Menus, Food & Wine
All the Latest From Ryan Reynolds