Inflation hits Mexican beers

Published Aug 4, 2024

Tridge summary

Mexico's beer industry, encompassing both large-scale and artisan producers, is facing challenges due to inflation, with the National Consumer Price Index marking its highest increase since 1996. Efraín García Mora, from the craft brewery 'Sinestesia', outlined the effects of rising costs on production and consumer prices, while highlighting the importance of maintaining quality despite these challenges. The beer industry is among Mexico's 19 most significant manufacturing activities, with over 1,000 craft breweries as of now, according to Acermex's 2018 count. These breweries face numerous production issues, including equipment failures, and operate with varying production schedules based on the specific flavor profiles desired.

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

Original content

Mexico has a great variety of beer production, from large industries that import and export their product, to small factories where it is made artisanally. The production of this type of drink has also been affected by the rise in prices due to inflation, since according to the National Institute of Statistics and Geography (INEGI) inflation rose to 5.6% during the first half of July. . Within the framework of International Beer Day, Efraín García Mora, production assistant at the craft brewery "Sinestesia" said in an interview that the increase in input prices directly affected the production costs of its main raw materials. "It affects because it makes your product more expensive and the consumer obtains it at a higher price. We have to provide a good product so that the consumer wants to buy it. If we manage to maintain a certain quality we are on the other side," he said. According to data from the institute, the National Consumer Price Index, inflation increased 0.76% ...

Source: Informador