London has been the most expensive place to buy a pint, currently costing around £6 – or £10.50 if inflation continues to soar. Across the UK it will be around £7
An average pint will cost more than £10 if inflation continues at current levels through 2030, the figures show.
UK inflationary currently at 5.5% – and the average price of a pint across the UK is £3.96.
But this number is expected to increase 7.25% in spring 2022which means some places in the UK could charge up to £10.50 for a liter of beer by 2030.
The good news is that current rates are mostly just a response to the pandemic, meaning things like energy prices will start to fall again as demand returns to normal and interest rates slowly rise. up – rebalancing the economy.
But in a unlikely scenario, Britons could find themselves undervalued against many everyday commodities.
London has been the most expensive place to buy a pint, currently costing around £6 – or £10.50 if inflation continues to soar.
Roberto Rivero, market analyst at Admiral“High energy prices, labor shortage and high input material prices are pushing up input costs of businesses, thereby putting pressure on prices.
Rising inflation should only be temporary until the economy gets used to it Covid-19. However, things are likely to get worse before getting better. If inflation continues to rise at a faster rate than wages, the price of a pint will be the least of our concerns.
“The hospitality sector is likely to take a hit as people start to prioritize spending on essentials and while many of us may think a pint of beer on a Friday night is essential, but things like food and household items will take precedence.”
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Leicester is currently the cheapest place to buy a pint for around £3.26 currently. By 2030, it is estimated to cost more than £5.71 per drink.
The major cities outside of London rank somewhere in between.
The average price of a pint in Brighton today is £4.94 and by 2030 this could rise to £8.65.
In Liverpool, a pint of beer right now will set you back around £4.48, in 2030 this could rise to £7.84.
Manchester’s average pint cost today is £4.05, by 2030 this could rise to £7.09.
The average price of a pint in Leeds today is £3.83 and by 2030 this could rise to £6.70.
In Scotland, Edinburgh is the second most expensive city across the board, at £5.10 for a pint 90p less than London.
At current running speeds, a pint in a pub will cost you £8.93 by 2030.
Wales remains one of the cheapest places in the UK to buy a pint.
Today in Cardiff you can expect to pay around £3.42 per pint, which is estimated to rise to around £5.99 by 2030.
Inflation is a number used to explain How much are the prices of everyday essentials going up. It tends to be called the “inflation rate” or “inflation level” and is always displayed as a percentage.
Consumers experience inflation when prices go up, but economists call it a decrease in the purchasing power of a given currency because inflation means you can buy less with your money.
For example, if you had £1 to spend about 20 years ago, you would be able to buy more with that money than you would today.
In the UK, inflation is at 5.5% because the UK is still in the grip of tightening the cost of living.
The Office for National Statistics (ONS) says the Consumer Price Index (CPI) Inflation continued at 30-year high in Januaryup from 5.4% in December and remained at the highest level since March 1992, when it stood at 7.1%.
The ONS said the cost of clothing and footwear pushed inflation higher last month, with January’s drop in prices in stores the lowest since 1990.
But prices are rising across the economy, with CPI already more than double the Bank of England’s 2% target and expected to hit 7.25% in April – the highest level since August 1991.
https://www.mirror.co.uk/money/brits-paying-1050-pint-inflation-26306829 Britons will have to pay £10.50 for a pint if inflation continues at its current rate