Vodafone customers to face bigger hike to phone bills next year, bosses warn
Vodafone bosses have warned customers face an increase in their phone bills next year
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The price hike comes after other phone networks, such as Vodaphone, EE, O2, BT, TalkTalk and Plusnet, have already raised prices this year.
Customer contract prices have soared by 9%, which Vodafone chief executive Nick Read said was the equivalent of “between £1 and £2 extra” a month for users.
Many telecom companies use the consumer price index (CPI) rate of inflation, and Vodafone added 3.8% increase on top to decide the level of this year’s annual price increase.
The CPI was at 5.1% in January 2022, which influenced Vodafone’s 9% increase.
However, according to last month’s official figures, Russia’s invasion of Ukraine has spiked inflation to 9.4%. If inflation remains at the same level, Vodafone customers could face up to a 13.2% increase, bosses have warned.
When did Vodafone last increase its prices?
Millions of Vodafone customers saw their bills rise by 8.2% from 1 April 2022.
Customers of O2, Three, and Virgin Mobile saw increases of up to 11.7%.
If you are out of contract and rolled on to a pricer tariff without signing up, you can leave at any point and this will often be penalty-free.
However, if you are in contract and signed up for a new tariff within the last two years, the price rise is likely part of that contract and you most likely won’t be able to cancel penalty-free.