Listen Live

Your mobile phone bill is about to increase.

Beginning in June, Verizon Wireless is adding an “economic adjustment charge” of $1.35 per voice line to $3.30 for all new and existing customers’ plans.

“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.

That’s corporate-speak for: “Inflation is kicking our butts and we can’t have that eating into our profits. Pay up, loyal customer. We appreciate your business!”

The spokesperson added: “This is not a price plan increase.”

That’s corporate-speak for: “A lot of our customers are already locked into fixed-price plans, which hurts our bottom line in an inflationary environment. Fortunately, fees aren’t subject to the same restrictions as laid out in the contract we wrote and you signed, sucker. But we still appreciate your business!”

Blog Reader’s Inner Monologue: “Thank goodness I went with AT&T! My wife and I fought like rabid dogs over that decision, but I clearly made the right choice. Told ya, babe! In your face! Now make me some chicken.”

Please Note: Verizon isn’t the only major wireless carrier making adjustments. AT&T is raising monthly fees for non-Unlimited plans by up to $6 per month for single-line customers and up to $12 per month for family accounts.

Blog Reader’s Inner Monologue: “Sorry, hun. I guess you were right. Can I still get that chicken?”

Meanwhile, 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.

Bidenflation Tip: And while you’re budgeting for that latest bump in your mobile phone bill, make sure to leave room for another hike in fuel prices. Prices at the pump in the state of Indiana are headed for an all-time high, according to a recent study. Kendall & Casey have that story in the clip below.