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Mexican brewer Modelo raises domestic beer prices

Thu Jan 10, 2008 11:58am EST

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MEXICO CITY, Jan 10 (Reuters) - Mexico's leading brewer Modelo, the maker of Corona beer, has raised domestic beer prices by an average of 3.5 percent to 4.0 percent, a company official said on Thursday.

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The price increase was not uniform among Modelo's (GMODELOC.MX) brands and not the same throughout the country but was an average across its beers and its markets. "It is not the same increase everywhere," the official told Reuters.

The hike, implemented in December, comes as the government tries to keep a lid on spiraling inflation. Mexico's leading retailers agreed to cut prices on 300 household goods from Thursday until the end of March. (Reporting by Chris Aspin; Editing by Derek Caney)



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