Phone, MVPD Service Costs Growing, Though Below May Inflation: CPI
U.S. internet service costs in May were up 2.5% year over year, according to Bureau of Labor Statistics Consumer Price Index unadjusted data released Friday. It said residential phone service costs increased 4.7% year over year, but wireless service was…
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down 0.7%. Cable and satellite TV service rose 5.8%. BLS said May prices overall were up 8.6% year over year before seasonal adjustment, with airline fares and new and used vehicles being major drivers of inflation.