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Monday, April 02, 2007

InBev Hiking Prices of Belgian Brews

InBev, the massive Belgian brewing firm, has hiked prices on its brands brewed in Belgium to make up for a new tax on packaging.

InBev's most popular Belgian brands sold in the United States are Stella Artois and Abbey Leffe. The company plans to increase pricing by 1 percent on bottled and canned products to make up for the new tax. Draught beer is not taxed under the new law, designed to encourage recycling and lower the consumption of natural resources.

InBev had already announced it plans to hike prices on all of its brands by 2.5 percent on July 1 to cover the costs of higher grain, aluminun and energy prices.

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