How have you been treated by your broadband provider recently? Are you happy with the bills and customer service you receive? A lot of people aren’t, and with good reason.
Not long ago Sky revealed that it would be increasing the cost of some of their packages, including broadband, pay TV and phone contracts from April to May this year. EE, BT and Virgin are all raising prices in March, using the Consumer Price Index as a justification.
How Does The Consumer Price Index Work?
The Consumer Price Index (CPI) take an imaginary “basket of goods” which statisticians and economists believe everybody wants and uses more or less every day, and compares the cost of each item against one another and the income of the British Public. The outcome of this number-crunching gives us a handy way to judge inflation, how much a pound is worth in spending power today compared with how much it had last year, five years, or even ten years ago, and how much spending power it has against other currencies, such as the dollar or euro.
Things are added to the CPI Basket of Goods as they become essential to our lives, and get left out as our tastes change. As well as things you would find in a literal shopping basket it also contains a raft of other items and costs, including bedroom furniture, rent, and one of the most recent additions: broadband internet. Read more