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Cost of beer abroad up nearly 50p since Brexit vote
The cost of a beer abroad has increased by around 16 per cent or the equivalent of 49p in the past three years thanks to the weakened pound.
Caxton, a foreign exchange firm, compiled a ‘Brexit Beer Index’ to show how the price of beer has changed in countries around the world since the UK voted to leave the European Union in June 2016.
Across all countries, the cost of beer has gone up from the equivalent of £3.12 to £3.61 based on exchange rate difference alone.
In Thailand, a beer now costs the equivalent of £2.55, a 38 per cent increase from £1.63 in 2016.
Visitors to the US have seen the cost of a beer rocket by a fifth over the period to £4.18.
In Norway, beer prices have increased by 9 per cent to £7.66 and in Iceland prices are up almost 16 per cent to £7.07.
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One of the cheapest countries for a beer, the Czech Republic, has seen prices increase from £1.06 to £1.30 since June 2016.
Alana Parsons, from, Caxton said: “As if the constant arguments amongst our own MPs and with their European counterparts wasn’t enough, the impact it’s [Brexit] having on a beer abroad is just rubbing salt into the wound for holidaying Brits who simply want to switch-off, relax and enjoy a well-earned break.
“These extra costs, unlike the beer, are hard to swallow, but holidaymakers can keep the additional expense to a minimum by thinking about their currency needs and overall holiday costs from the moment a trip is booked.”