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JanusBrum
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Price rise and "current Retail Price Index"

I have been notified today that my mobile charges are being increased by 1.6%:

To stay in line with the current Retail Price Index (RPI) inflation – as mentioned in your terms – your monthly tariff price will be going up by 1.6% from 1st July 2016.

However, given that the 'current' RPI (i.e. today) is 1.1% where did 1.6% come from? Are there secret RPI rates that we don't know about?

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Superuser
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Message 2 of 4
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Re: Price rise and "current Retail Price Index"

Virgin Media take the RPI figure announced in the April before the price change

http://store.virginmedia.com/virgin-media-mobile/sim-only/pay-monthly-sim.html

The charge for your airtime tariff will increase with your July bill each year. Any increase will be in line with the retail Price Index (RPI) rate of inflation announced in the April before and we’ll always give you 30 days’ notice of the exact increase each year.

The RPI figure announced in April 2016 was 1.6%

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I work for Virgin Media - but all opinions posted here are my own
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JanusBrum
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Message 3 of 4
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Re: Price rise and "current Retail Price Index"

If that is the case then the definition of 'current' is very different from when I went to school!

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enlli
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Message 4 of 4
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Re: Price rise and "current Retail Price Index"


JanusBrum wrote:

If that is the case then the definition of 'current' is very different from when I went to school!


So is the definition of 'unlimited'.

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