Woe for drinkers as price of beer rockets 50p in just a year
Two pints of lager and no change for crisps… woe to the drinkers as the price of beer is skyrocketing by 50p in just 12 months
- Pubs face an average price of £4.56 for a pint of draft lager in the UK
- The same drink was 47 pence cheaper a year ago, which means the cost is up 11%
According to official data, the price of a pint of beer has increased by almost 50 pence in just 12 months.
After accounting for major regional differences, pubs pay an average of £4.56 for a pint of draft lager – the country’s preferred beer style.
The same drink was 47 pence cheaper a year ago, which means the cost is up 11 percent.
Draftbitter is up 8.5 per cent from £3.50 to £3.80 over the same period, according to the Office for National Statistics.
If the trend continues, the average price for a pint of lager could break the £5 mark for the first time next year.
After accounting for large regional variations, pubs pay an average of £4.56 for a pint of draft lager – the country’s preferred beer style
Kate Nicholls, from trade organization UKHospitality, said: ‘Companies want to keep their prices as reasonable as possible, but the cost of doing business drives these prices up.’
Campaign for Real Ale chairman Nik Antona said the data was worrying and it was do or die for the industry.
He urged the government to tackle crippling corporate tariffs to help. “Cafes pay an extremely unfair share of the total business rate bill and proper reform is the only permanent solution to the problem,” said Mr Antona.
It’s because the price of cookies nearly doubled to almost double last year.
Daily dunkers at Tesco, Sainsbury’s, Asda, Morrisons, Waitrose, Aldi and Lidl are up a shocking 87 per cent since June 2022.
Those hitting the sky-high prices include Morrison’s own label bourbon creams – which have jumped from 40p to 75p.
And digestive biscuits from Asda, Tesco and Lidl are all up more than 40 per cent, according to data from retail researcher Assosia.
Is buying a pub too risky? BANK ON DAVE replies
Dave Fishwick, the man behind Bank of Dave, is This is Money’s small business doctor. He answers readers’ questions about getting started, growing their business, doing things right, and much more.
Read Dave’s answer below about buying a pub and if you’d like to ask Dave a question, email him at bankondave@thisismoney.co.uk
Is buying and running a pub a good investment or is a rental property a better bet? Dave Fishwick replies
I recently inherited some money that can be used for a down payment on a property. I’ve always been interested in running my own pub but I know it’s very hard to do at the moment.
I have experience in the industry so I know I could do it well, but it’s a huge risk and I’m not sure the best way to go about it. I know I could put down the money for the property, but it’s the startup costs that concern me.
I toyed with the idea of buying a rental instead, because that would be more passive. But I have no experience and I am concerned about the market.
What should I do?
> READ DAVE’S ANSWER: I have inherited some money and I want to buy and run a pub: Is this too risky?