Price Of Pint Set To Rise Massively By 2030, Study Predicts
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Lads. It's happening. Pint prices are on the rise...
Let's face it, we won't be stopped when it comes to going out having a good old booze but it's always nice to know just how much you're going to have to be forking out in years to come.
New research has analysed 25 cities and found that we could be paying £10.50 for a pint by 2030. £10.50 A PINT
Of course this applies to London as well as other places but the rest of the UK could be paying almost £7 (£6.93) which is still quite painful.
This has all come off the back of the inflation rate which is predicted to rise to 7.25 percent by Spring 2022.
As of December 2021, the current inflation rate is at 5.4 percent and today the average price of a pint across the UK is £3.96.
The numbers have been calculated on the assumption that the rate will rise by the same amount each year.
One place that is currently considered one of the cheapest cities to drink in is Leicester. A pint there is around £3.26 but by 2030 it could be £5.71.
What about other places outside of the capital though?
Well Brighton's average pint cost today is £4.94, by 2030 this could rise to £8.65.
A pint in Liverpool will set you back £4.48 at the moment, by 2030 this could rise to £7.84. Manchester is similar with a pint costing £4.05 which could rise to £7.09 by 2030.
In Leeds it's around £3.83 for a beer, by 2030 this could rise to £6.70.
People visiting or living in Edinburgh can currently expect to fork out £5.10 for a pint (90p less than London) and by 2030 that could increase to £8.93.
Better get that trip sorted sooner rather than later.
Roberto Rivero, Market Analyst at Admirals said: "Soaring energy prices, labour shortages and the rising cost of raw materials are pushing up input costs for businesses, which, in turn, is putting upward pressure on prices.
"Rising inflation should only be transitory until the economy is used to living with Covid-19. However, things are likely to get worse before getting better. If inflation continues to rise at a faster rate than wages, then the price of a pint would be the least of our concerns.
"The hospitality sector would likely suffer as people began to prioritise spending on essential items and, although many of us may think that a pint of beer on a Friday night is essential, things like food and household goods will take priority for most."
