@Gorf Technically RPI is just a number that represents (in some sense) the current cost of living; however, when the ONS publishes the rate of inflation it's always the difference between the RPI now and the RPI twelve months ago. So just today they have said that the rate of inflation as measured by the change in RPI from April 2015 to April 2016 is 1.3%. Last month (on April 12th) they published a figure of 1.6% which represents the change in RPI from March 2015 to March 2016. Virgin seems to have used this 1.6% as the basis of their price increase even though the increase is not due until July.
(BTW, the RPI is not considered a National Statistic any more since the calculation it uses has largely been discredited.)
Virgin seems to have used this 1.6% as the basis of their price increase even though the increase is not due until July.
Yes, the April figure is used. I'd expect that otherwise there wouldn't be enough time to ensure the communications go out to give the 30 days notice in time for the 1st July. This is shown on the Store pages:
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.
********************************** I work for Virgin Media - but all opinions posted here are my own
Had the letter notifying me of the planned increase to my VIP Sim Only Tariff which will increase by £3 a month. Not a lot, but when compared to the £17 PCM I am currently paying that equates to 17.6% hardly in line with RPI??
Went to the Hanover Street shop in Edinburgh to discuss and after being ignored for some 10 minutes, was told that the increase was in line with RPI increase and offered the phone to call customer services. Could have done that from the house but thought talking to a Virgin rep directly would be more helpful.............NOT!!