MVPD, Residential Phone Costs Top Inflation in November: CPI
Smartphones and TVs saw notable price drops in the U.S. between November 2022 and last month, according to the Bureau of Labor Statistics consumer price index unadjusted data released Tuesday. TV prices fell 9.5% year over year, while smartphones were…
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down 14% and computers, peripherals and smart home assistant pricing fell 4.6%. Residential phone service rose 4.7% year over year, while cable, satellite and livestreaming TV service costs were up 4.3%. Wireless phone service costs declined 2.8% year over year, but internet service was up 3.7% as was video purchase/subscription/rental, which rose 3%. BLS said September prices for all items rose up 3.1% year over year before seasonal adjustment.