Does the GB of an iPhone affect its contract price?

I'm looking to buy a contract iPhone 5 from O2 and the contract I was looking at will not let me change the GB from 16-I am looking to buy a 32GB phone. If I went and bought one would my contract price increase?

Yes, it will. The GB is the size of the storage of the iphone. The bigger it is the more expensive. It is available in 3 sizes for iPhone 5. 16GB, 32 GB and 64GB.

Of course it does, that costs money and everyone would get 64GB if it didn't

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