Verizon is hiking its wireless prices from June
(iMore iPhone)

What you need to know Verizon is increasing the price of its wireless plans as part of an `economic adjustment charge.` Some plans are increasing by more than $2 per month. Some people will pay more than $2 more than they were previously. Verizon is hiking the price of its wireless plans from June in what it calls an `economic adjustment charge,` according to reports. The move will see people spend more on the plans that they already have at a time when inflation continues to bite hard. The news also comes two weeks after competitor AT&T made a similar price alteration. Bloomberg was the first to confirm that the price hike was taking place, with business customers set to pay $2.20 per month more than they are now. Notably, bills will see individual prices remain the same with a new charge being added. Millions of consumers will see a $1.35 increase in administrative charges for each voice line starting in their June phone bill. And business customers will see a new `e...