As the cost of living increases in 2022 with the most recent announcement that gas prices will rise by as much as 50 per cent, households will also likely see a rise in their phone and internet bills this year.
Consumer Price Index inflation rates for December last year jumped by 5.4 per cent - its highest rate in 30 years - with another expected increase throughout the year. Read more: How the interest rates rise will affect you and your mortgage Some mobile and internet providers adjust their prices according to the Retail Price Index (RPI) - currently 7.5% - which differs slightly from the CPI.
Due to the rise in inflation, phone and internet charges are soon set to go up for many with providers informing their customers of bill increases.
In fact, BT announced recently that customers could face hikes as hike as nine per cent from the end of March. Meanwhile, other providers have hinted at similar rises in monthly phone and internet bills.
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