AmBev Rises 1.2% in Sao Paulo Trading After Reversing 2.3% Drop
Brazil’s government is raising taxes on beverages including beer, soda, bottled water and juice. Prices of cold beverages could increase as much as 2.85 percent when the increase takes effect in October, Taxation Undersecretary Sandro Serpa told reporters today in Brasilia.
To contact the reporter on this story: Denyse Godoy in Sao Paulo at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.