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Higher Prices Brewing for Beer
Wednesday, August 26, 11:06 AM ET

Oktoberfest might put a bigger dent in beer drinkersí pockets this year, as Anheuser-Busch Inbev (AHBIF) and MillerCoors say they are going to hike beer prices this fall.

MillerCoors, maker of Miller Light and Blue Moon, is a joint venture between MolsonCoors (NYSE:TAP) and SAB Miller (SAB).

The brewers did not say how big the hikes will be, but they will help the companies cover some of their input costs.

The price hikes will be individualized on a per-market basis.

Anheuser-Busch Inbev shares are trading unchanged Wednesday morning, while Molson Coors shares slightly higher, and SAB Miller is trading slightly higher.

For MarketNewsVideo.com, I'm Michael Phillips.

Higher Prices Brewing for Beer picture
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