Diageo price rise could mean 20c increase to cost of a pint of Guinness

A 7c Diageo price increase to the trade means publicans would need to increase the price by around 20c in order to maintain current margins

The price of a pint is set to rise as Guinness owner Diageo announced plans to increase prices of draught products to publicans by 7c.

The price of a pint is set to rise as Guinness owner Diageo announced plans to increase prices of draught products to publicans by 7c - with punters set to face a 20c price increase.

Diageo said higher costs were behind the price increase, with the company facing increases include wage inflation, rising energy costs in Ireland, and increased logistical and regulatory requirements. The price increases are effective from February 2.