Beer giant to hike prices as it fears inflation will drive drinkers away from pints

Heineken delayed publishing guidance over its financial performance for 2023 until later this year. File Picture: iStock

Brewing giant Heineken has warned that it is facing the worst inflation in a decade and that drinkers could cut back on beer as a result.

The Dutch brewer said it would raise its prices in an effort to offset higher costs, including sharp increases across commodity costs, energy and shipping.