MEXICO CITY.- Since October 1, Coca-cola applied a price increase on some products, which began to be applied by businesses this week.
Mexican Economic Development (Femsa) confirmed the price increase and highlighted that it is below inflation.
“Due to an increase in the cost of inputs, we see the need to increase the prices of our products in our territory as of October 1. This increase will be below the inflation that has been recorded in recent months,” said Femsa corporate communication.
Price increase in Coca-Cola products
It is worth remembering that last June a price increase was also applied in 12 Coca-Coca products, which was on average one to two pesos.
So far, the new price lists that the company’s delivery drivers have delivered to businesses show that the increase is similar to that registered in the middle of the year, which includes various presentations of Coca-Cola, flavored soft drinks, juices and mineral water.
Coca-Cola Femsa’s areas of operation are in the states of Chiapas, Mexico City, State of Mexico, Guanajuato, Guerrero, Michoacán, Morelos, Oaxaca, Puebla, Querétaro, Tabasco, Tamaulipas, Tlaxcala and Veracruz.
New prices on Coca-Cola products
Below is the list of products with a new price with which establishments are already operating, mainly in Mexico City and the metropolitan area.
- Coca Cola 600 ml, $20
- Coca Cola can, $20
- Coca Cola 500 ml VR, $14
- Coca Cola 1.2 5 lt VR, $24
- Coca Cola 2.5lt Ret., $32
- Coca Cola 1.75lt, $34
- Coca Cola 3 lt Ret., $37
- Coca Cola 1.35 lt Des., $29
- Flavors 3 lt, $38
- Flavors 600 ml, $18
- Flavors 500 ml VR, $13
- Can Sabores, $24
- Water 1.5lt, $15
- Mineral Water 600 ml, $16
- Topo Chico 600 ml, $20
- Nectar 1 lt, $29
- Valle Frut 3 lt, $38
- Water Bottle, 5 lt $36
- Water Drum, 10 lt $45
Read. Which soft drinks have the most sugar? Profeco reveals the most harmful brands
Related
#increase #year
How has inflation affected Coca-Cola
Coca-Cola’s Price Hike: A Sign of Inflationary Pressures?
As a renowned blog news writer, I have been following the latest news about Coca-Cola’s recent price increase in Mexico. According to reports, the beverage giant has applied a price hike on some of its products as of October 1, which has started to take effect this week [[no URL provided in the query]]. This move comes on the heels of a previous price increase in 12 Coca-Cola products last June.
While the company has stated that the price increase is below inflation, it’s worth noting that this hike is not an isolated incident. In fact, Bloomberg recently reported that Coca-Cola raised its prices by 9% in the fourth quarter of last year [[1]]. Similarly, Axios reported that several major companies, including Coca-Cola and Kellogg, have benefited from price increases, citing a 3.1% year-over-year price increase in January [[2]].
The price hike in Mexico is attributed to an increase in the cost of inputs, according to Femsa corporate communication [[no URL provided in the query]]. This echoes a sentiment expressed by many companies grappling with inflationary pressures. As consumers, we can expect to see more price increases in the coming months, especially if input costs continue to rise.
The impact of these price hikes on consumers is already being felt. On the Coca-Cola subreddit, users are lamenting the price increase, with one user sharing that a 2-liter bottle of Coca-Cola that was once on sale for $5 is now retailing at a staggering $3.19 per bottle [[3]].
So, what does this mean for the average consumer? It’s clear that Coca-Cola’s price hike is a response to broader economic trends, rather than an isolated incident. As inflation continues to rise, we can expect to see more price increases across various industries. While this may not be music to our ears, it’s essential to understand the underlying drivers of these price hikes and make informed decisions about our purchasing habits.
Coca-Cola’s price hike in Mexico is a reflection of the current inflationary environment. As consumers, we need to be aware of these price increases and adjust our spending habits accordingly. While the company’s move to increase prices below inflation is a nod to its customers, it’s essential to recognize that these hikes are a response to broader economic trends rather than a simple desire to pad profit margins.
Sources:
[[1]]https://www.bloomberg.com/news/videos/2024-02-13/coca-cola-raised-prices-by-9-in-fourth-quarter-video
[[2]]https://www.axios.com/2024/02/13/cpi-price-increases-coca-cola-kellogg
[[3]]https://www.reddit.com/r/cocacola/comments/1aqsxrm/cocacolapriceincreasesare_regrettable
