Wetherspoon increases the price of pints

Wetherspoon increases the price of pints

A customer holds a beer at the Holland Tringham Wetherspoons pub after it reopened following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 4, 2020. REUTERS/Hannah McKay

Wetherspoons said the price increase came into effect on February 1. (Reuters)

JD Wetherspoon (JDW.L) has increased prices on its bar and food menus, with a pint costing up to £7.30 in some pubs.

On average, prices for all bar and food products rose by 3% this month.

A spokesman for the pub chain said: “Most prices in Wetherspoon pubs have increased by 3.95% since Thursday 1 February 2024.”

“Some prices rose less. Ruddles Bitter rose 1%. Bud Light Lager (BUD), Stowford Press Cider and Doom Bar Bitter rose 2%. Draught Pepsi (PEP) did not rise.”

“The average increase for all bars and food products is 3%.”

Read more: What is inflation and what does it mean for you?

This is the second time in six months that the pub chain has increased its prices to counteract rising costs.

Wetherspoon chairman Tim Martin said: “Wetherspoon, like most pub businesses, has experienced large cost increases. We believe our prices will remain competitive even after these changes.”

Looking at the new menus, London pub-goers can expect to pay over £7 for a pint.

At The Moon Under the Water in London’s Leicester Square, a pint of Leffe now costs £7.30. A Mad Squirrel Big Sea West Coast IPA now costs £7.09, while a pint of San Miguel or Windsor & Eton Treason West Coast IPA costs £6.98.

A pub favourite like Stella Artois now costs £6.88 in most London branches (up from £6.68). For Guinness (DGE.L) you’ll pay £6.66.

At the London branch at Victoria Station, a pint of Leffe costs 20 pence more, or £6.97, and Corona and San Miguel are available for £6.63.

Read more: Bread, meat and biscuits become cheaper as UK food inflation falls

Wetherspoon’s prices vary between locations as the company strives to be ‘competitive’ in different local areas.

Martin used the group’s January trading update to protest against the cost differentials hitting pubs and supermarkets.

He said labour costs in pubs accounted for about 30 percent of turnover, compared with around 10 percent in supermarkets, meaning retail stores could offer lower prices.

Regard: Wetherspoons founder Tim Martin calls Dry January a “cult”

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