Price Of A Pint Could Soar By 300% In The Next 25 Years Due To Inflation, Lloyds Bank Says

The Average Pint Could Be Ridiculously Expensive By 2040
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A man holds up a pint of beer during a visit to The Red Lion pub.
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Financial analysts at Lloyds Bank have predicted the average pint will cost a whopping £11.50 in 2040.

A loaf of sliced bread will set you back £4.20, they say, and a dozen eggs will come in at just over £6 if prices continue to rise in the same way they have since 1990.

Most items would be around two or three times more expensive than today, depending on other economic factors such as the price of oil.

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Don't worry Dave, you'll still be able to afford a few jars of ale

A beer will cost £11.50 in 25 years according to the bank, jumping to a whopping £47.63 in 2065.

"The average price of a pint has grown a staggering 294 times over the past 100 years, from an average of just 1p," a Lloyds spokesperson said.

1p a pint?!

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We needn't start to worry though, Lloyds say. Our salaries should rise at a similar rate.

And the bank's maths could never offer a perfect prediction of our inflation due to various factors like who's running the government and what the global economy does.

The UK economy is currently risking falling into a "deflationary spiral" due to the incredibly low 0.3% rate of inflation - well below the government's 2% target.

But last month Bank of England governor Mark Carney warned us to "enjoy it while it lasts" as low inflation rates won't be around for long.

"This is temporary," he said. "It’s an important point, two thirds of this has been from falls in food and energy prices. Enjoy it while it lasts, because this will go away over the course of the next year.

"The combination of rising wages and falling energy and food prices will help household finances and boost the growth of real take home pay this year to its fastest rate in a decade. This will support solid growth in consumer spending."

Countries With The Cheapest Beer
Myanmar (Burma)(01 of05)
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Myanmar, also referred to as Burma, has garnered major attention in the years since opening its borders to tourists just a couple of years ago. Myanmar is teeming with beautiful temples and incredible cuisine, and its beers deserve some attention, too. A pint here will run you $1.Photo Credit: © Flickr / Eric JordanClick Here to see More Countries With the Cheapest Beers
Madagascar(02 of05)
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Speaking of islands, beer in Madagascar is also just $1. The ruggedly beautiful country off the eastern coast of Africa is a haven for wildlife lovers, and apparently beer lovers, too.Photo Credit: © Flickr / Chris
Cambodia(03 of05)
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Cambodia is yet another Southeast Asian country with both low beer prices ($1) and incredible attractions, most notably the stunning, spectacular Angkor Wat temple in Siem Reap (think Angelina Jolie in Tomb Raider). The country is sandwiched between Thailand and Vietnam, which makes it a logical — and popular — stop on tours of Southeast Asia.Photo Credit: © Flickr / wonderwonderwordClick Here to see More Countries With the Cheapest Beers
Vietnam(04 of05)
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Average price for a pint of beer at a restaurant here? Just 94 cents, although prices dip even lower if you buy from a street stall or supermarket. Not to mention, the Vietnamese won’t judge if you overindulge; in fact, locals here love to chant “one, two, three!” before chugging pints.Photo Credit: © Flickr / lulun & kame
Philippines(05 of05)
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Beautiful beaches? Picturesque rice paddies? Insanely cheap beer? Check, check, and check. While the Philippines’ gorgeous island scenery and major cities attracted over 2 million international tourists last year, its beer is worth mentioning, too: just 92 cents at your average restaurant. (Although we think grabbing a pint on a beach is a better idea.)Click Here to see More Countries With the Cheapest BeersPhoto Credit: © Flickr / GEP