Pricing Status? It’s complicated

To listen to consumers and the media, you would think that price is all that matters. Whether it’s house prices, holidays, the latest bargains, mobile phone contracts or even the price of a pint of beer, all people seem to focus on is the cost. And in many cases, price is indeed key. Think back to when chocolate bar companies shrunk their products rather than raise their prices, or how big a deal some retailers make out of their Boxing Day Sales and Black Friday deals. However, price isn’t always all that matters for consumers. Price, and what we’re prepared to pay, it turns out, is a complex thing.

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The £8-pint: too much froth in the economy?

Last month saw the opening of the latest landmark hotel in Belfast, a significant milestone for our hospitality and tourism sectors. But the fact that the cost of a pint in its penthouse bar has attracted as much attention as its rooms and restaurants, perhaps gives us some insight into the current performance of the Northern Ireland economy.

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