Smartphone Prices Plummet in July: Consumer Price Index
Smartphone and TV prices nosedived in the U.S. between July 2024 and last month, according to the Bureau of Labor Statistics' consumer price index unadjusted data, released Tuesday. Smartphone prices were down 14.7% year over year, while TV prices fell…
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9%, it said. The bureau also said the cost of wireless phone service was down 0.8%, while residential phone service rose 1.5%. Prices for computers, peripherals and smart-home assistants dropped 1.8%, while the cost of cable, satellite and livestreaming TV service rose 2.2%. Internet service was down 2.4%, and video purchase/subscription/rental costs rose 2%. July prices for all items were up 2.7% year over year before seasonal adjustment.