Joe Six-pack braces as beer prices rise

Beer drinkers across America will soon find that it costs more to buy that next round at the bar or six-pack at the store, following announcements by the nation's two largest brewers that they plan to raise prices this fall -- just in time for football season.

Anheuser-Busch (AHBIF), the world's largest brewer and maker of Budweiser, and MillerCoors, a unit of Molson Coors (TAP), both said higher prices are on tap in response to reduced demand for their products, although neither company would say how much the increases would be.