Residential Phone, MVPD Service Cost Hikes Top Inflation in October: CPI
Residential phone service costs in the U.S. in October rose 5.5% year over year, as were cable, satellite and livestreaming TV service costs, according to the Bureau of Labor Statistics consumer price index unadjusted data released Tuesday. Wireless phone service…
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costs were down 0.4% year over year, but internet service was up 4.4%. Smartphone prices dropped 12%, and computers, peripherals and smart home assistants fell 5.7%. Video purchase/subscription/rental was up 3.1%. BLS said September prices overall were up 3.2% year over year before seasonal adjustment.