Mexico: Inflation does not spare even beer, has its biggest rise in 12 years

Published 2022년 10월 23일

Tridge summary

In 2022, Mexico has seen a significant inflation impact on the price of beer, with a notable 11.2% increase in September compared to the previous year, marking the highest rise in over 12 years. This price hike is largely due to the increased costs of production inputs such as malt, water, hops, yeast, and sugar. Beer prices have risen more than those of other beverages like wine, rum, and tequila, with brandy experiencing an equally high annual increase. The shortage of glass and limited store availability have further contributed to the rising costs. Despite being one of the world's leading beer producers and exporters, Mexico is not among the top consumer countries per capita. However, high beer prices in certain regions could potentially increase consumption. The article provides examples of high and low beer prices across Mexico, noting that the country ranks 24th in global beer consumption, as per Kirin Brewery Company, and is the 15th largest beer importer.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

If you are one of those who goes to the party and says "I put for the chelas", think twice, because your pocket may suffer because it is one of the products that is a victim of inflation and that its price has skyrocketed this 2022. Inegi data show that the price of beer increased 11.2% during September of this year compared to the same month of 2021, which meant the greatest variation in more than 12 years (151 months). Beer, like many other goods in this category, has suffered the effects of high prices, especially the inputs used for its production, such as malt, water, hops, yeast and sugar. In addition, since it is one of the most popular beverages among Mexican palates, the increase in its price is above other products such as wine, rum and tequila. Only brandy had an increase that surpassed chela, reporting an annual variation of 11.6% in September, the highest in almost 22 years. In June of this year, Expansión published that another factor behind the rise in beer prices ...

Source: Expansion