Not only is today April Fools' Day, it's also fast becoming 'national price hike day'. We'll be hit with a plethora of inflation-busting prices today, with the cost of everyday activities such as going to the dentist, taking a shower or even posting a letter costing more.
Here's what we'll have to shell out more for:
- First-class stamps will rise from 63p to 64p and the price of a second-class stamp will go up to 55p. Posting a small parcel will also go up from £3.30 to £3.35 or 1.52 per cent.
- Average council tax bills are set to go up by as much as 4 per cent in England and Wales.
- Water bills will increase by £2 (one per cent) to £389 for the average household.
- Prescription costs will also go up by 20p from £8.20 to £8.40 (2.44 per cent).
- The NHS dental charge payable for a check-up will increase by 80p (5 per cent) from £18.90 to £19.70. The dental charge for a band 2 course of treatment will increase by 2.60p from £51.30 to £53.90. The charge for a band 3 course of treatment will increase by £11.20 from £222.50 to £233.70.
- 3 per cent stamp duty hike for buy-to-let investors means the cost of the tax will increase by an average of £5,911 when buying a house in the UK or up to £13,686 on London property purchases.
- Three price rise on monthly mobile contracts - Three customers on 'legacy' plans priced at £15 will see their bills increase by 100 per cent to £30 from April. All other Three customers will see their bills go up by 1.3 per cent this year, the same as the February Retail Prices Index measurement of inflation.
- O2 price rise on monthly mobile contracts – 14 million O2 customers will see their bills increase from April. Tariffs are going up by 1.3 per cent this year, the same as the February Retail Prices Index measurement of inflation. This means customers may see a rise between 22p and 65p per month – depending on what tariff they are signed up to.
- EE price rise on monthly mobile contracts – millions of EE pay monthly customers will see their bills increase from April. It's going up by 1.3 per cent per cent this year, the same as the February Retail Prices Index measurement of inflation.
- Air Passenger Duty – The cost of air passenger duty (APD) on a long-haul flight is set to go up by almost 3 per cent. APD on economy flights will increase from £71 to £73 and from £142 to £146 for those travelling in all other classes.
- NHS wig and fabric charges - the cost of NHS wigs and fabric supports are rising by 1.7 per cent.
- Sky has also recently announced a further raft of price hikes which take effect on the June 1. For new customers, the price of channel packages will be going up by as much as 8 per cent. Existing customers that are big sports fans will see their bill go up by as much as 8 per cent from £25.50 to £27.50 per month alongside several other hikes.
Hannah Maundrell at money.co.uk says: "While we can't avoid things like the increase in the cost of postage and NHS charges, we can control the cost of many other things we spend money on – like our phone or digital TV contracts.
"We really shouldn’t forget the good lessons we learned about budgeting from the tough times we had in the last recession. This really is time to make hay while the sun shines, not splash more cash than you need to."
- There are more money-saving tips in every issue of Yours magazine, out every fortnight on a Tuesday.