UPDATE 1-Anheuser-Busch to raise US beer prices

NEW YORK, July 19 Tue Jul 19, 2011 1:10pm EDT

NEW YORK, July 19 (Reuters) - Anheuser-Busch InBev SA's (ABI.BR) U.S. unit said on Tuesday that it plans to raise prices by 3 percent to 5 percent across its beer portfolio in October as it seeks to offset higher commodity costs.

The maker of Budweiser and Bud Light said the increases -- which will vary by brand, package and market -- will go through on October 3. (Reporting by Martinne Geller; Editing by Derek Caney)