Telstra has indicated it will increase the price of its mobile phone plans to customers by five per cent.

‘The Finance Guru’ Scott Haywood told Gareth Parker on 6PR Breakfast the telco was his 6PR #stocktowatch after it announced overnight the increase from July 1.

“They’re one of the few businesses on the stockmarket that are forward planning for inflation challenges,” he said.

“They feel as though they’ll still have a strong customer base that will embrace the increase in mobile plans for the 1st of July.”

Press PLAY below to hear more from Haywood on how inflation is affecting prices