Taking the previous average cost of a pint and the average number of pints sold every hour across the UK, the data showed the nation could spend up to £6.9m on pints per hour if they were to increase to £7 a pint.
Currently, Brits purchase up to 1.4m pints per hour, and based on the national average cost of a pint, the nation would likely spend £5.6m on pints each hour.
Hiked price
Considering the potential for pints to increase to £7, that would mean Brits could be collectively spending 72% more than the current cost.
Or, to collectively spend the same amount on pints as before the £7 pint increase, Brits would have to buy more than half a million (577,650) fewer pints per hour if the pint were to increase to £7.
Real Business Rescue national online business operations director Shaun Barton said: “Pubs and bars are approaching their most profitable season of the year with Christmas parties and other social events taking place over this period."
Scoring high
“There is an added bonus this year, with the World Cup likely to attract even more people to pubs than what’s usually seen during the festive months.
“But, the news around pints rising to £7 could be the latest hit on bars and pubs across the country in the lead-up to what they may have forecasted as the season to finally help them recover from the pandemic.”
He continued to say pint prices had always been an important discussion among Brits, but never as prominent as now with many factors pushing prices higher and higher.
He said 11,000 Brits had been Googling the price of a pint, which is up 105% from last year.
“Unfortunately, those turning to Google with their questions on pints will likely be disappointed to see the cost of pints rising,” Barton added, “but we fear this is going to have an even more devastating impact on the 19,827 bars and restaurants already in significant financial distress.”