FOMENTO
ECONÓMICO MEXICANO, S.A. DE C.V.
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By:
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/s/
Javier Astaburuauga
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Javier
Astaburuauga
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Chief
Financial Officer
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FEMSA
Cerveza Announces
Differentiated
Price Increase in Mexico
Monterrey,
Mexico, December 27, 2007—
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV:
FEMSAUBD) today announced that its wholly owned subsidiary FEMSA
Cerveza
has initiated a differentiated price increase across Mexico that
aims to
mitigate the effects of severe raw material inflation experienced
in
recent times following international price trends, particularly in
the
prices of aluminum and grains.
The
price increase is being implemented by region, channel, brand and
package
and its weighted average will be equivalent to the expected general
inflation for 2008. The price movements were initiated late in the
fourth
quarter and will be finalized in January of 2008.
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FEMSA
is the leading beverage company in Latin America. It controls an
integrated beverage platform that comprises Coca-Cola FEMSA, the
largest
Coca-Cola bottler in the region; FEMSA Cerveza, one of the leading
brewers
in Mexico and important beer exporter to the United States; and Oxxo,
the
largest and fastest growing convenience store chain in Mexico with
over
5,200 stores.
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