Residential Phone, Internet, Video Service Cost Hikes Top Inflation in August: CPI
Residential phone service costs in the U.S. in August rose 6.1% over last year, and cable, satellite and livestreaming TV service costs were up 6.3%, according to the Bureau of Labor Statistics consumer price index unadjusted data out Wednesday. Wireless…
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phone service costs were down 0.8% year over year, but internet was up 5.2%. Smartphones prices dropped 17.2%, and computers, peripherals and smart home assistants fell 5%, it said. June prices overall were up 3.7% year over year before seasonal adjustment, BLS said.