THE FINFACTS GUINNESS PINT INDEX

Guinness Stout - IrelandGuinness Stout is regarded as Ireland's national drink and has been brewed in Dublin since 1759.

The key ingredients are roasted malted barley, hops, yeast and water. Guinness is black because some malted barley is roasted in a similar way to coffee beans.

The news in May 2004 that Irish publicans planned to increase the price of the pint of stout and other beers by 15 cent prompted us to produce our new index. It's a little different to the Economist's Big Mac Index and its new Latte Index. However, it helps to answer a common question when tipplers pine for the days when the pint was much cheaper. How many pints would the average person have been able to buy in the old day's with their wage packet?

Our average weekly wage is gross- before deduction of taxes. Since 1976, there hasn't been a very big variation in the number of pints which the manufacturing worker could buy with a gross wage.

We are indebted to the Central Statistics Office for the earnings data since 1960 and the prices data since 1983. We have found the prices prior to 1983 from Dáil Éireann (lower House of the Irish Parliament) debates.

The price of the pint is the national average price in August of each year from 1983. Dublin prices are higher than the national average.

The price of the pint was less than 4 cent in 1947.

Year 

Mfg Industry
Avg Weekly Wage Euros

 

Pint
Euros

 

Ratio

           
1969 19.63   0.20   100
1973 38.30   0.24   159
1976 67.65   0.48   140
1979 104.91   0.70   150
1983 182.42   1.37   133
1984 204.65   1.48   138
1985 220.96   1.52   145
1986 237.44   1.64   144
1987 249.56   1.73   145
1988 261.39   1.80   145
1989 271.91   1.87   145
1990 282.39   1.93   146
1991 294.77   2.02   146
1992 306.63   2.15   143
1993 323.10   2.24   144
1994 332.54   2.34   142
1995 339.92   2.42   140
1996 348.38   2.50   140
1997 360.01   2.52   143
1998 374.83   2.65   142
1999 396.54   2.74   145
2000 423.24   2.88   147
2001 456.97   3.01   152
2002 483.05   3.24   149
2003 511.78   3.41   150
2004

534.95

 

3.54

 

151

2005

557.95

 

3.63

 

154

2006

597.66

 

3.74

 

160

2007 600.24   3.80  

158

2008 607.94   3.98  

153

2009 595.45   4.01  

148

2013 619.37   4.00  

155

In 2013, the CSO has a broader range of weekly earners in industry than manufacturing (see Table A2); the average price of the pint comes from here (Page 279).

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The Finfacts Guinness Pint Index
The ratio of the price of pint to average earnings

 

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Believe those who search for truth. Doubt those who claim to have found it   -André Gide (1869-1951) Nobel Laureate 1947

 

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