Where does 02 get the RPI price increase from?

[Anonymous]

The O2 terms and conditions say that they can increase tariffs by the RPI announced each February. The RPI announced by the ONS on 13th Feb 2018 was 2.7%, so why is the tariff increase set at 4%? This is far above the official RPI.

[Cleoriff]

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@Anonymouswrote:

OK I think my confusion came from the fact that there are different inflation rates published on the same date - turns out I was looking at the Consumer Price Index of 2.7% whereas the Retail Price Index is indeed 4.0%.  Where would we be without Google? 🙂

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Absolutely nowhere @Anonymous

[MI5]

Many would argue that cpi is a more accurate figure although not as much dosh for the networks.
Someone will have to realise one day, that wages and pensions aren't rising at the same rate as ALL bills are and people will be cutting back on non-essentials.

[Glory1]

Which is why, I imagine, @MI5 the networks use the RPI and not the CPI which is not only more accurate but the index the government uses when increasing pensions, for example, and many companies use when increasing wages. So you're quite right wages and pensions don't increase at the same rate as all other bills. I think lots of people already realise this but it's the 'powers that be' who choose to ignore this fact and do nothing to make a more level playing field.