Charter is raising the prices of its Spectrum 300 Mbps, 500 Mbps, and 1 Gbps internet plans by $5 due to 'inflationary pressures.'
. The Spectrum One bundles start at $49.99 a month, and they include “Spectrum Internet, Advanced Wi-Fi, and one free line of Unlimited Spectrum Mobile for a year.”Following the announcement, analysts at New Street Research told investors that 9.5 million customers could be impacted by this price hike. Meanwhile,This is the first time that Charter has raised the prices of its standalone Spectrum internet plans since a previous $5 increase in December 2020.
“The price for Spectrum Internet reflects the cost of delivering the best value in broadband for your family: 300Mbps starting speeds with no modem fees, data caps or contracts,” the company said in a statement topoints out that Charter isn’t alone in raising prices. AT&T bumped up its home internet prices by $3 a month earlier this year, while Altice USA increased its internet prices by $10 for new customers.
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