Coca-Cola is getting a boost from higher prices

Coca-Cola’s consumers are making it pop. The beverage company reported better-than-expected first-quarter earnings on Tuesday, thanks in part to an increase in its prices. Shares of Coca-Cola were down slightly in mid-day hours, trading at about $62.

The Atlanta-based company said increased pricing contributed to the rise in sales, attesting that the increases were “driven by the impact of inflationary pricing” as well as “pricing actions in the marketplace,” according to its earnings report.

Meanwhile, Coca-Cola’s water, sports drink, coffee, and tea categories faced a slight decline of 2% as consumer demand globally fell for the division.