Lansing, Kansas. Verizon logo on building. Verizon, an American wireless network operator is one of the largest communication technology companies in the world. (Photo by: Michael Siluk/Universal Images Group via Getty Images) Some Verizon customers will be in for a surprise when they see their next bill.
Starting in June, the telecommunications giant's wireless postpaid consumer customers will see an administrative charge increase of $1.35 per voice line to $3.30.
The administrative charge for data lines will remain unchanged."From time to time, we review and make adjustments to fees to defray some of Verizon's administrative and telco expenses and costs of complying with regulatory requirements," a Verizon spokesperson told FOX Business. "This is not a price plan increase."In addition, the company is introducing a new "economic adjustment charge" beginning June 16 for business customers.
The move comes as inflation continues to run near a 40-year high. The consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in April from a year ago, slightly below the 8.5% year-over-year surge recorded in March.