U.K. carrier EE raising prices slightly on May 28

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The U.K's EE network is set to increase prices by 2.7% ?*yes, two-point-seven-percent ? on May 28, 2014. EE's new terms and conditions allow them to raise prices by the RPI (retail price index ? i.e. the rate of inflation) once a year with 30 days notice. Here's the relevant bit from EE:
You will see a 2.7% increase to your monthly plan charge on any bills you receive from the 28th May, if you joined or upgraded to a 12, 18 or 24 month Pay Monthly or Small Business contract before the 23rd January 2014. This increase is in line with the Retail Price Index (a measure of inflation) published by the Office for National Statistics on the 25th March 2014.

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