Many pubs and restaurants are set to put up their prices in July, making eating out more expensive just as the school holidays begin. Hospitality firms are blaming the rising cost of energy, with many saying that their turnover will decrease at the same time.
News of the price rises is contained in figures from the Office for National Statistics (ONS). These reveal that a raft of industries have been impacted by factors including rising energy, labour and raw material costs, which are set to affect the price of goods they offer and turnover rates.
Some 30% of all businesses said they expect to raise prices, with 42% citing energy prices as the main reason. Hospitality and food businesses look set to face the biggest impact, with nearly half (46%) of companies in these sectors expected to increase prices in July.
