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Sep 15, 2014

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Mexican beer price hike probed

Government investigates identical increases by two dominant brewers

Jan 21, 2000 - The Mexican government launched an investigation after the country's two leading breweries both raised domestic beer prices within a day of each other.

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The Federal Competition Commission (CFC) "launched an investigation over the identical beer price hikes," said a spokesman for the agency.

Modelo and Femsa dominate the market, selling 99% of the beer Mexicans drink. They typically raise prices by the same amount each year, but this time drew authorities' attention when the nearly identical increases were announced within a day of each other.

First, Modelo said it was boosting prices by an average 16% in the domestic market. A day later, Femsa announced increases of 14-16%. Inflation for 2000 is forecast at 10-11%.


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