German Beer Prices to Rise After Price-Fixing Scandal
Recipe of the day
- The Best Food Safety Tips for Blizzards
- Gordon Ramsay and 9 Other Chefs Who Cheated Death
- Michael Moore, Seth Rogen Banned from Michigan Restaurant over ‘American Sniper’ Comments
- Healthy and Fast: Wholesome Meals You Can Make in 30 Minutes or Less
- What is the Most Nutritious Vegetable You Could Have?
- Budweiser Does It Again With Another Adorable Super Bowl Commercial
- Bud Light Wows With Life-Sized Pac-Man Game in Super Bowl Ad
- People in South Korea are Drinking Whipped Cream with Beer
- Legendary Horror Writer H.P. Lovecraft Inspires New Craft Beers
- Blue Moon is Releasing a White IPA and You Can Taste it First
Last Monday Germany laid down a €106.5 million fine on its biggest breweries after they were caught colluding to raise prices, but the end result for the consumer will still include higher beer prices, as the companies say they will need to raise prices after the fine.
According to The Local, Bitburger, Krombacher, Veltins, Warsteiner, and Barre were all fined by Germany's Federal Cartel Office for a price-fixing scam that led to an industry-wide price increase of between €5 and €7 for 100 liters of beer. Six other large breweries are the subject of investigation, but have not yet been named. (Industry sources told The Local that Carlsberg and Radeberger are included.)
Anheuser-Busch struck a deal with the office and agreed to turn state’s evidence against the other brewers in exchange for avoiding the fine.
Now that the collusion has been thwarted, drink prices are not expected to fall. In fact, they’re probably going to rise again. Sepp Gail, the head of the Association of German Drink Retailers, said the fines would damage brewers’ profits and have to be passed on to consumers.
“The [profit] margins are very small,” he said.
Be a Part of the Conversation
Join the Daily Meal's Community and Share your Thoughts