Millions of households will see an increase in their bills during April, including council tax, broadband and water.
CPI inflation for December stood at 10.5% and some companies will increase bills by this amount - with 3.9% extra on top, this means some firms will hike prices by 14.4%. Meanwhile, the rate of RPI for January was 13.4% - meaning possible rises of 17.3% if you include the additional 3.9%. This means you'll no longer receive money off your bill each month - so how much you're paying will go up. The £400 discount to household energy bills had been given through instalments of £66 and £67 each month since October.
The change allowed councils to up the bill by up to 5% without a referendum - before this they could only increase it by 2.99%. A three-month PPC is going up from £30.25 to £31.25, and a 12-month PPC will increase from £108.10 to £111.60. The cost of wigs and fabric supports will rise as well, while the recently introduced PPC for Hormone Replacement Therapy will cost £19.30.The price of a first class stamp will rise to above £1 for the first time from next month. A first class stamp will cost 15p more from April 3, rising from 95p to £1.10.
As an example of how much benefits are rising by, the Universal Credit standard allowance will increase from:The full list of the other benefits that will see an increase in payment include:State pension