8 in 10 pubs are raising their prices this year
According to a survey conducted by The Morning Advertiser, 81% of pub operators are increasing their prices this year [1].
Of the 189 pub operators surveyed, only 36 businesses stated that they would not be increasing their prices before the year end.
This comes after drinks wholesalers Matthew Clark and Bibendum [2] said they were increasing prices from 1.5 to 5 per cent due to the impacts of the global pandemic and the UK's supply chain crisis.
A spokesman for the companies, which are owned by the C&C Group, told The Times: “As our industry recovers from the pandemic, the pressure on UK and global supply chains has increased cost and complexity [3].”
Additionally, a shortage of hospitality staff returning after furlough has prompted pubs to increase wages with nine in ten hospitality firms are struggling to find staff.
The rise in prices could lead to less customer footfall to pubs.
