Anheuser-Busch to raise US beer prices

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Anheuser-Busch InBev SA’s (ABI.BR) U.S. unit said on Tuesday that it plans to raise prices by 3 percent to 5 percent across its beer portfolio in October as it seeks to offset higher commodity costs.

The maker of Budweiser and Bud Light said the increases — which will vary by brand, package and market — will go through on October 3.