
Kirin Brewery Co. said Wednesday it will raise the price of beer products by 5 yen to 10 yen due to skyrocketing costs of raw materials, such as aluminum and imported malt. The price increases, starting in February 2008, will also cover happoshu low-malt beer and so-called third-beer. It will be the first price increase for beer since March 1990, with the exception of tax hikes. Since beer is sold under an open pricing system, the price hikes will translate into increases of about 3 to 5 percent at stores. Rivals of Kirin, the leading brewery in Japan, are also considering raising their prices...more...