The price of a pint of beer is about to shoot up, according to the world’s biggest beer company.
Jason Warner, who is AB InBev’s president for northern Europe, has warned that rising inflation means that pints in Britain are about to become more expensive.
Headline consumer price inflation jumped from 2.6 per cent to 2.9 per cent last month, while the core rate rose from 2.4 per cent to 2.7 per cent.
The Bank is currently predicting that CPI will peak at close to 3 per cent in October, with Governor Carney warning last month that pressure on families would continue for the next few quarters.
Clothing and footwear prices went up by over two per cent last month, likely helped by the fall in the pound, and the price of beer is likely to get the same treatment as brewers battle against increased costs.
Warner told the Sunday Telegraph that ‘”there has to be an increase” in the price of beer.
“We are starting to see the real inflation rate of the UK coming through and for our retail partners they will see it across all categories.”
RELATED
Insecurity & instability: Record high of almost a million people on zero hours contracts
Britain is ‘sleepwalking’ into a post-Brexit food price crisis, report claims
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
