Skip to comments.Brace yourself: Beer prices are going up
Posted on 08/27/2009 5:19:43 AM PDT by kingattax
NEW YORK (CNNMoney.com) -- Beer drinkers beware: The cost of a cold one is going up.
Brewers across the globe are hiking prices to compensate for lower sales volumes and higher commodity costs.
Anheuser-Busch InBev, the world's largest brewer and maker of Budweiser, announced plans to raise prices Tuesday.
"We plan on taking price increases on a majority of volume and in a majority of markets this fall," Anheuser-Busch InBev said in a statement. "The increase helps cover some input costs."
The U.S.-Belgian brewer said prices will go up "across different price tiers," including its high and low-end brands.
MillerCoors - the maker of popular beers Miller Lite, Coors Lite and Blue Moon -- is also raising prices in some markets. But these hikes are part of the company's regular fall increases and are "more in line with catching up with costs and commodity prices rather than the economic environment," said Julian Green, director of media relations for MillerCoors.
The price increases by the biggest brewers is not unexpected, according to Benj Steinman, the editor of industry trade group "Beer Marketer's Insights." "What is going to be a little bit out of the ordinary is that they are going to be able to go up less than in a normal year because economic conditions are tighter," said Steinman.
(Excerpt) Read more at money.cnn.com ...
Back to Rheingold and Blatz for me.
Chevas Regal hardest hit
That’s the last straw! Start the revolution! Of course,
right after happy hour.
Well, that sucks.
I love the thinking .. I’m not selling beer like I use to , so I’m gonna increase the price.....What school of economics did these fools go to..???
The price increases by the biggest brewers is not unexpected, according to Benj Steinman, the editor of industry trade group "Beer Marketer's Insights." "What is going to be a little bit out of the ordinary is that they are going to be able to go up less than in a normal year because economic conditions are tighter," said Steinman
Prices go up every year this time of year, but this year they will go up LESS than they should, because of the economy.
So the real story is that beer won't cost as much as it would have, if the economy was better.
This is series
>> It tastes too much like Budweiser.
Dude, it IS Budweiser. Same assembly line*, just different cans.
*Or maybe they just attach a milking machine to a stallion’s “udder”.
Just because it has become the official elixir of racial unity, the costs are going up?
I don't buy beer or pay their stupid taxes.
There will just be more of us HOMEBREWERS out here!!!!!
Tomorrow headlines: Seniors get violent
It’s really easy-peazey to make, but there’s a serious time lag. No instant gratification at all.
Beer and alcoholic beverages in general may be exceptions to the rules of supply and demand.
I read a statistic a long time ago, so I can't cite a source, that about 90% of alcoholic beverages were consumed by about 10% of the drinkers. That would be alcoholics and they will continue to purchase no matter what the price.
If you drink an average of a couple of beers a day and an alcoholic beer drinker drinks a case a day, one alcoholic is drinking 12 times your average.
I knew a rather petite woman who actually drank a case a day, she's rather dead now.
In my own case, I drank probably about a fifth of bourbon a day and that was 7 days a week at one point.
Graybeard58, clean and sober for 27 years.
Good for you! Keep it up and enjoy life.
Since Yuengling started selling in WV I’ve been trying to support them being that they’re an American owned and operated company. However, it does pain me to pay almost a dollar per-beer even when I’m buying a 12-pack. I’m no sort of connoisseur and I can be just as happy with a PBR or Milwaukee’s Best.
This makes good sense. The volume of sales is going down - so let’s raise the price.
The people who drink have fewer dollars, more of them are out of work and higher taxes are on the way.
Perfectly sound business plan.
Wow. Now I am impressed. THAT is a nice rig.
That looks more like a still (the old guy in the photo is a infamous WV moonshiner).
Beer brewing is pretty easy, but you have about a month to wait before you get something drinkable. Two weeks if you are impatient.
I’m sure increased prices will be reflected in prices for barley malt and hops.
Major league setup. I guess you do all-grain brewing?
Miller High Life is now cheaper than Milwaukee's Best, at least where I live. You're right about the price of Yeungling, though, and we do love that in our house.
If beer and gas go up at the same time.... This government may get run out of town tarred and feathered by many of the same people who voted them into office!
Congratulations, you have a strong and determined will.. I know how bad it was for me to quit smoking, which I did 5 or 6 times before I finally pulled it all together.. haven’t smoked for 15 years
A low to medium ping list aimed at all of us who, well, love our beer
FReepmail rzeznikj at stout or GOP_Raider to be added or struck from the list
Do you have plans/instructions for building that setup?
Sir, that is one impressive rig!
I just use 2 5 gallon paint buckets.
Back to Point Beer, I guess. Not bad stuff, actually. When we were first married and broke, we’d buy a case of bottles and make it last from payday to payday.
I remember Husband nearly crying once when he broke a bottle. “They won’t give us back the deposit money! Waaaa!” LOL!
Isn’t that your Uncle in Post #8, GA? ;)
Will you marry me? ;)
(BtD clicks on Pedantic Mode) Why, beer simply exhibits a relative price inelasticity of demand. That is, demand for some items does not map linearly to price. These tend to be items vital for existence - baby formula, insulin, and of course beer. Demand stays relatively constant for them despite price increase until the price is increased so far that one literally must choose between necessities of life.
These can be cruel choices, for example, between beer and say, toilet paper. You can only afford one when the price goes up high enough. At that point you set the buffing wheel into the hammer drill and plug 'er in next to the terlit. A feller's gotta do what a feller's gotta do...
It's been just one year and a few weeks for me, that's after puffing for 50 years.
Figured I was pushing my luck.
Very nice setup, I’m in the middle of planning something similar except I’m wanting something verticle. Is that home grown or did you buy it pre-built?
Yep, all grain. It’s a half-barrel system, automated with PID temperature controls. We have a nice bar setup in the house with four taps on the wall - three CO2 and one nitro for stouts and porters.
I designed and built the thing from the ground up, but unfortunately, I don’t have any of the original plans anywhere. It’s basically a two-tier system. The right-most vessel is the Hot Liquor Tank for heating water. Water is pumped from that to the Mash Tun in the center. I pull liquid from the false bottom of the tun, sending through the pump and past an electric element that is PID controlled, then back up to a manifold in the top over the bed of grain inside. After the mash is complete, the wort drains by gravity to the Boil Kettle on the left. That vessel also has a false bottom for hop additions. Following the boil, the wort passes through a copper heat exchanger into a fermentor.
The whole setup is propane fired, but the HLT and the Mash Tun temperatures are maintained steady by electric heating elements.
Probably the most complex part of this is the controller. I have worked in the automation business, so I used some of my knowledge from there to design the circuit.
The most important thing about designing this is getting the heights right. In spite of the two basic levels, it’s really a four tier system - HLT and Mash Tun on one tier, the Boil Kettle on the second tier, the Heat Exchanger on the third tier, and the fermentor on the fourth tier.
Hope that helps. Good luck if you plan to build one. It’s a great hobby - and remember, when you are finished...
...you have beer!
“Will you marry me? ;)”
I’ll have to talk to my wife, but maybe we could make it work...
LOL! I’d only break your heart in the end.
Stick with your sure thing...for now. If beer prices rise too much, I’ll be in touch. ;)
Amen to that. Real beer, not the pale diluted horse urine that most Americans seem to prefer.