Benzinga
Inflation Hits Anheuser-Busch, CFO Says Price Increase On Cards
Anheuser-Busch InBev SA/NV (NYSE: BUD) mulls raising prices for some of its beverages in an effort to manage inflation. As per Wall Street Journal, the company said that despite regular updates to its pricing, it is lagging on cost increases in markets, including the U.S. and Brazil. “Overall, I feel inflation is slightly higher than our view,” AB InBev CFO Fernando Tennenbaum said. In the U.S., the consumer price index (CPI) was at 8% in Q1. Still, AB InBev’s total net beer revenue per hectolit
