RPI 13.4%

[Richard24]

Hi, I have just been told that the RPI being used for my pay monthly contract is 13.4%!

I know RPI has been as high as 12%, but it has now fallen back quite a bit as energy costs reduce and mortgage rates have fallen.  What RPI measure is O2 using?  

[Enlli]

RPI was 13.4% at the end of Jan.

CPI used by the other networks is lower

[MI5]

Explained here @Richard24 

https://www.o2.co.uk/prices

[Richard24]

Hi M15,

I understand that RPI can be added according to my contract.  But the UK RPI is not 13.4%.  Where is this RPI figure from?

????????

[Enlli]

A quick Google Search and this came up. https://www.thetimes.co.uk/money-mentor/article/rpi-versus-cpi/

[MI5]

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@Richard24 wrote:

Hi M15,

I understand that RPI can be added according to my contract.  But the UK RPI is not 13.4%.  Where is this RPI figure from?

????????

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From the link given:

If your plan started from 25th March 2021 (RPI plus 3.9%)

Each year, your Airtime Plan will be increased by the RPI rate of inflation announced in February plus 3.9%. If RPI is negative, we’ll only apply the 3.9%.