Carib Brew­ery has an­nounced that ef­fec­tive im­me­di­ate­ly, the prices of its prod­ucts will be go­ing up.

In a me­dia re­lease yes­ter­day, CEO Ian Mac­Don­ald iden­ti­fied "added costs" as the un­der­ly­ing rea­son for the price in­crease.

"We wish to ad­vise that as a re­sult of the re­cent na­tion­al bud­get an­nounce­ment, Carib Brew­ery Lim­it­ed has un­for­tu­nate­ly been placed in the dif­fi­cult po­si­tion of hav­ing to ad­just our pric­ing in or­der to cov­er the added costs at­trib­uted to the re­cent bud­get ini­tia­tives."

The re­lease, which did not give a new price range, added, "Carib is com­mit­ted to pro­vid­ing the best val­ue and qual­i­ty to our cus­tomers. Al­though the price ad­just­ments on our prod­ucts will be mod­er­ate, we are cog­nisant of the im­pact that it will have on our cus­tomers. No­tably, no sig­nif­i­cant pric­ing ad­just­ment has been done by Carib Brew­ery Ltd since 2009. Carib Brew­ery con­tin­ues to of­fer qual­i­ty brands and ser­vice for your en­joy­ment for all oc­ca­sions."