 rate of inflation. On top of that, prices will also go up an additional 3.9% from next year. Bills will remain the same up until 2024 so you won't see your bill change until then. The new figures will be based on January's RPI figure. Virgin has been writing to customers to let them know of the changes since earlier this year. A Virgin Media spokesperson said: 'The introduction of inflation-linked price changes, which comes into effect in 2024 when RPI is projected to be lower than it is today, will give customers clarity and certainty about what to expect from their bills while fuelling the investment required both now and in future. "We have clearly communicated these changes directly to our customers." Inflation is a measure of how the price of goods and services has changed over the past year. In August, inflation fell to 6.8% in the year to July, according to the Office of National Statistics (ONS). The CPI measure of inflation fell from 7.9% in June, the slowest rate drop since February 2022. It means that prices are still rising but at a slower rate. How can I save money on my broadband and mobile contracts? Switching contracts is one of the single best ways to save money on your broadband bills. But if you can't switch mid-contract without facing a penalty, you'd be best to hold off until it's up for renewal. In the weeks before your contract is up, use comparison sites to familiarise yourself with what deals are available. It's a known fact that new customers always get the best deals. Sites like MoneySuperMarket and Uswitch all help you customise your search based on price, speed and provider. This should make it easi){kind=link}
MILLIONS of broadband customers could see their bills rise next year.
Virgin Media O2 will change the way it charges customers in 2024.
The service provider has said costs will rise in line with the Retail Price Index (RPI) rate of inflation.
On top of that, prices will also go up an additional 3.9% from next year.
Bills will remain the same up until 2024 so you won’t see your bill change until then.