Prices will increase by 3% at minimum each year.
In another blow to customers feeling the pinch of the cost of living crisis, Eir has announced that their monthly prices will increase in April each year from here on out.
The telecommunications company made the announcement on Thursday (23 June).
The price increase will be based on the annual Consumer Price Index (CPI) published by the Central Statistics Office (CSO) each January, plus an extra 3%.
The increase applies to all new and renewed contracts from 12 May 2022 for fixed voice, broadband, TV and mobile bill pay services including SIM Only and mobile broadband plans.
The CPI is a measure of changes in the prices of goods or services based on the average changes from across several industries.
Even if the CPI is zero or in the negative, the 3% increase will always be applied.
For example if the annual price increase was 5%, this is how your bill would look;
In April 2023, a monthly plan price of €19.99 would increase by €0.99 to €20.98 and assuming 5% again in April 2024, the price would increase by €1.04 from €20.98 to €22.02.
In April 2023, a monthly plan price of €29.99 would increase by €1.49 to €31.48 and assuming 5% in April 2024, the price would increase by €1.57 from €31.48 to €33.05.
A monthly plan price of €65.99 would increase by €3.29 to €69.28 in April 2023. The following year, assuming 5% increase, the monthly plan will increase by €3.46 to €72.74.
If a monthly plan price of €65.99 is discounted to €34.99 for 12 months, the 5% price increase will apply on the full monthly price plan before discounts. In April 2023, the monthly plan will increase by €3.29 to €38.28.
The total applicable percentage increase will be published on Eir’s website.
As to why they are implementing the new price ranges, Eir said that “the annual price adjustment reflects changes in the CPI rate plus an additional 3%.
“The 3% charge is to reflect ongoing investments we make in our fixed and mobile network, products and services.”
This isn’t the first time Eir customers have experienced price increases, as 25% of customers are set to have their bills increased in August.
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