While looking at my latest Eir bill, I noticed they've added an annual price increase of CPI rate + 3%, graciously capped at 8%. Setting aside that a Telco's cost increases may not mimic CPI , I take issue in the manner this increase is being applied.
My monthly bill is increasing from €44.97 to €52.48, a 16.7% difference. They applied a 7.7% increase on their "standard monthly price" but the subsequent discounts are in absolute value, rather than a percentage of the standard monthly price, leading to the 16.7% increase, rather than 7.7%. I find this a rather underhand tactic. The advertised price for the product was €45 per month for a year, any price increase should be relative to this figure.
I'm sure they're technically covered here, just seems like a sneaky tactic.
My monthly bill is increasing from €44.97 to €52.48, a 16.7% difference. They applied a 7.7% increase on their "standard monthly price" but the subsequent discounts are in absolute value, rather than a percentage of the standard monthly price, leading to the 16.7% increase, rather than 7.7%. I find this a rather underhand tactic. The advertised price for the product was €45 per month for a year, any price increase should be relative to this figure.
I'm sure they're technically covered here, just seems like a sneaky tactic.