Price hikes:

  • First-class stamps have risen2 from 65p to 67p and the price of a second-class stamp has also gone up by 2p to 58p. Posting a small parcel now costs 5p more up from 3.40 to 3.45.

  • Average council tax bills are set to go up by as much as 5.1% across the UK which is an increase of 81 a year.

  • Water bills will increase by 9 (2%) to 405 for the average household.

  • Prescription costs will also go up by 20p from 8.60 to 8.80 (2.32%).

  • The NHS dental charge payable for a check-up will increase by 1 (4.85%) from 20.60 to 21.60. The dental charge for a band 2 course of treatment will increase by 2.80 from 56.30 to 59.10 (almost 5%). The charge for a band 3 course of treatment will increase by 12.20 from 244.30 to 256.50(5%). 3

  • TV licence costs will also go up by 3.50 from 147 to 150.50 1st April

  • Air Passenger Duty on long haul flights (over 2,000 miles) is set to increase by 4%.

  • NHS wig and fabric charges - the cost of NHS wigs and fabric supports are rising by about 1.5%.

Communications suppliers crank up costs;

  • Three price rise on monthly mobile contracts - Three customers will see their bills go up by 4% this year, the same as the January Retail Prices Index measurement of inflation4

  • EE bills will rise by 4.1% across the board in line with January's RPI.4

  • O2 bills will also increase by 4% in line with February RPI.4

  • Vodafone customers that took out a monthly plan on or after the 5th May 2016 will see a bill hike of 3.6% in line with March RPI.4

  • Sky Broadband customers will see line rental costs rise from 17.40 per month to 18.99 (9.1%)4

  • Post Office Broadband customer will see increases - the Essential package will rise from 25.00 a month to 27.00 a month (8%)4

Prices are also heating up for energy customers

  • EoN are removing their dual fuel and paperless discount resulting in an average price hike of 2.7% for its dual fuel customers meaning an annual bill hike of 30 on average. 19th April5

  • ENGIE bills will go up by 5.9%, leaving customers on a standard variable tariff 58 out of pocket on average. 4th April5

  • Bulb bills will crank up prices across its standard rates by 2.8%, leaving those with a dual fuel tariff typically 24 worse off. 28th April5

  • iSupply jumped on the bandwagon last month with an average price hike of 7.5% for its dual fuel customers meaning an annual bill hike of 76 on average. 1st March5

"As you tuck into your Easter eggs this year, a raft of everyday things will cost you more from stamps to your TV licence. Your wallet could be hit left, right and centre on April 1st. These price hikes may appear small and 'nothing to worry about' but add them all together and they could cost you around 100 extra a year.

"You won't be able to avoid some of the increases, but you can certainly take control when it comes to managing the cost of your energy, phone and broadband. The more money you can keep in your pocket the better. Check you're on the best rates and switch providers to get a better deal if you're out of contract. Look at where you might be able to cut small everyday costs too like switching your morning coffee habit to taking a flask into work with you instead. Not only will you save yourself a small fortune but you'll be cutting down the amount of plastic you use too."

Source: Hannah Maundrell, Editor in Chief money.co.uk comments;

1 .109.25 (rounded up to 1000) per year is calculated by taking a snapshot of key household outgoings, calculating the sum of price rises. 2,075,750,000 was derived by multiplying 109.25 by 19m. In 2017 there were 19m families in the UK (ONS)

Calculation

- Increase Calculated increase per yr Need to Know
1st Class stamps 2p per letter 3% 35p based on 5 letters and 5 parcels
Council tax 5.1% 81 Based on average Band D
Water Bills 2% 9 Average bill per year was 395 in 2017
NHS Dental costs 5% 2.8 Based on Band 2 charge
Air Passenger Duty 4% 12 Based on 2 adults flying longhaul once per year
TV Licence 2.3% 3.50 Per household license
Prescription costs 2.3% 60p Based on 3x prescriptions per year
Total - 109.25 -

2The cost of stamps increased on the 26th March 2018.
3Each band of dental treatment includes the following;
* Band 1 is check-ups, scale and polish, diagnosis and treatment planning, marginal corrections of fillings, braces etc.
* Band 2 is additional treatment, such as fillings, root canal treatment and removing teeth.
* Band 3 is more complex procedures, such as crowns, dentures and bridges.
4The date at which these price hikes take effect depends on the billing date for each individual customer but most will land between March and April.
5Data taken from https://www.uswitch.com/media-centre/2018/03/uswitch-comments-latest-energy-price-rise/