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In the UK there's a company called Virgin Media (broadband, TV, phone provider) which has been completely blatant about it. They recently informed all customers

In the UK there's a company called Virgin Media (broadband, TV, phone provider) which has been completely blatant about it. They recently informed all customers that going forward they will annually be increasing prices by RPI + 3.9%. https://www.virginmedia.com/mobile/annual-rpi-price-increase https://www.virginmedia.com/mobile/annual-rpi-price-increase https://www.ispreview.co.uk/index.php/2023/01/virgin-mobile-uk-confirm-price-hikes-for-broadband-tv-and-phone.html https://www.ispreview.co.uk/index.php/2023/01/virgin-mobile-...

simonbarker87 4y ago
Side note: if you are an O2 customer and a Virgin Media customer you can get your speed bumped up to the next tier for free
- ace32229 4y ago
  [dead]
psychphysic 4y ago
I could understand something smaller like RPI+1.5% Ultimately I think the private sector pay has risen by about 4-5% annualised so maybe that's where they got that pricing. Companies always prefer to offer sales and discounts rather than lower prices. Same with antivirus companies who's model runs on let's hope they forgot renewal will be 10x the price! This all relies on consumers not switching accounts constantly to the cheaper good-enough good.
- dannyw 4y ago
  rpi is 13%
Already__Taken 4y ago
and ee took CPI 10% + 3.5% profit. I don't know how that's legal when you look at how the CPI is calculated and it included these companies already. They're adding onto their own adjusted price inflation.
- StingyJelly 4y ago
  The effect an individual company would have on CPI is negligible. Besides, CPI strongly underestimates the actual devaluation of currency. You can look up local newspaper prices from 10 years ago and today and compare that to newspapers index that goes into the CPI calculation and I'm almost sure the price difference would be significantly larger compared to that skewed statistic.
  - cjrp 4y ago
    It's not individual companies though; in fact I think every telco includes that same RPI + {X}% increase in their contracts.
amiga-workbench 4y ago
I jumped ship from them before Christmas. I'm with YouFiber now, I get symmetric gigabit for £35/m and £5/m for a static IPv4 address that opts me out of CGNAT. The first 3 months were free.
RugnirViking 4y ago
thats unbelievable. Diabolical. That is the path to hyperinflation if more companies adopted something similar.
IshKebab 4y ago
Vodafone did the same - CPI (10.5%) + 3.9% "to help support the continued investment in our network as we expand coverage". I guess 3.9% is some government limit?

simonbarker87 4y ago

Side note: if you are an O2 customer and a Virgin Media customer you can get your speed bumped up to the next tier for free

ace32229 4y ago
[dead]

psychphysic 4y ago

I could understand something smaller like RPI+1.5% Ultimately I think the private sector pay has risen by about 4-5% annualised so maybe that's where they got that pricing. Companies always prefer to offer sales and discounts rather than lower prices. Same with antivirus companies who's model runs on let's hope they forgot renewal will be 10x the price! This all relies on consumers not switching accounts constantly to the cheaper good-enough good.

dannyw 4y ago
rpi is 13%

Already__Taken 4y ago

and ee took CPI 10% + 3.5% profit. I don't know how that's legal when you look at how the CPI is calculated and it included these companies already. They're adding onto their own adjusted price inflation.

StingyJelly 4y ago
The effect an individual company would have on CPI is negligible. Besides, CPI strongly underestimates the actual devaluation of currency. You can look up local newspaper prices from 10 years ago and today and compare that to newspapers index that goes into the CPI calculation and I'm almost sure the price difference would be significantly larger compared to that skewed statistic.
- cjrp 4y ago
  It's not individual companies though; in fact I think every telco includes that same RPI + {X}% increase in their contracts.

amiga-workbench 4y ago

I jumped ship from them before Christmas. I'm with YouFiber now, I get symmetric gigabit for £35/m and £5/m for a static IPv4 address that opts me out of CGNAT. The first 3 months were free.

RugnirViking 4y ago

thats unbelievable. Diabolical. That is the path to hyperinflation if more companies adopted something similar.

IshKebab 4y ago

Vodafone did the same - CPI (10.5%) + 3.9% "to help support the continued investment in our network as we expand coverage". I guess 3.9% is some government limit?