Drinkers may have to dig deeper to be able to afford a round in future as inflation hit 10.1 per cent in the latest figures
Supping a pint could cost you £9 next year due to price rises, pub goers have been warned. The news of having to dig even deeper to buy a pint or a round for your mates comes as inflation hit 10.1 per cent in the latest figures released on Wednesday (August 17).
In London, where it’s long been known that drinks can be more pricey, the average cost of buying a pint is at a national high of £5.50, according to finder.com, with the most expensive up to £8 – and this could rise even further to an eyewatering £9 by next year.
Karl Chessell, of CGA, said operators were being hit by a double whammy of dealing with cost and availability issues, reports Birmingham Live.
He said: “The double whammy of cost and availability issues is piling huge pressure on operators’ margins. Combined with the growing cost-of-living crisis for consumers, it means trading conditions will be very tough over the remainder of 2022.”
The cost-of-living crisis was catapulted further up the agenda in the Conservative leadership election as new figures showed a worse-than-expected hit in July with the Consumer Prices Index inflation (CPI) reaching 10.1%.
ONS chief economist Grant Fitzner said: “A wide range of price rises drove inflation up again this month. Food prices rose notably, particularly bakery products, dairy, meat and vegetables, which was also reflected in higher takeaway prices.
“Price rises in other staple items, such as pet food, toilet rolls, toothbrushes and deodorants, also pushed up inflation in July. Driven by higher demand, the price for package holidays rose, after falling at the same time last year, while air fares also increased.
“The cost of both raw materials and goods leaving factories continued to rise, driven by the price of metals and food respectively.”