Coca-Cola FEMSA Raises Mexican Soda Prices Up to 5 Pesos After IEPS Hike

Business: Mexico City Key Facts —Increase. Coca-Cola FEMSA is raising soda prices in Mexico by up to 5 pesos (about US$0.26) per unit. —Cause. The move passes on a higher IEPS, Mexico’s excise tax on production and services, which covers sugary drinks. —Who. Coca-Cola FEMSA is the largest Coca-Cola bottler by volume and a key…