Skip to main content
Solved

When exactly do CPI price increases apply to new contracts?

  • February 24, 2024
  • 1 reply
  • 343 views
B
New
 Contributor

The monthly contract T&Cs say "Each April, your monthly plan charge will increase”  . How would this affect a new contract taken out on say 1st April? I.e Would the first bill have an immediate price increase against the original contract price? Or would the first ‘April price increase’ apply in the following year?
 

Or another way of asking: when should I take out a contract to avoid the price increase for the longest possible time? 

Best answer by Tom

Hi @breaded-ham 

 

If you purchase after/on 01/02/24 you won’t be subject to the incoming 2024 CPI rate increase.

 

Purchases before/on 31/01/24 would be subject to the incoming 2024 CPI rate increase.

 

Tom

View original
    This topic has been closed for replies.

    1 reply

    Tom
    iD Mobile Employee
    Forum|alt.badge.img+25
    • Tom
    • iD Mobile Employee
    • 8484 replies
    • Answer
    • February 24, 2024

    Hi @breaded-ham 

     

    If you purchase after/on 01/02/24 you won’t be subject to the incoming 2024 CPI rate increase.

     

    Purchases before/on 31/01/24 would be subject to the incoming 2024 CPI rate increase.

     

    Tom

    Did my comment help answer your question? If so, don't forget to mark the response as the Most Helpful Answer.

    Not the answer you were looking for?


    Create a new topic and ask a question to the iD Community.


    Create a topic
    Perks banner
    Terms & ConditionsAccessibility statement