Internet Costs Up 1.1% Since October 2023, Says NCTA
The cost of internet service rose 1.1% between October 2023 and last month, according to Bureau of Labor Statistics consumer price index unadjusted data released Wednesday. BLS said October prices for all items were 2.6% higher year over year before…
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seasonal adjustment. NCTA blogged Wednesday that the 1% drop in internet prices between September and October marked the third month in a row and the fourth out of the past five that internet prices were less than previous months. "Over the last few years, when inflation was much higher, broadband prices consistently bucked the trend and didn’t mirror the jumps in prices that many other core goods and services saw that drove inflation, a trend that still holds true today," it added. BLS said smartphone prices in October fell 9.9% year over year, while prices for computers, peripherals and smart home assistants were down 5.4%. The cost for cable, satellite and streaming TV service was down 0.3% year over year, while wireless phone service was down 0.4%. TV price tags were down 4.5%, the cost of residential phone service was up 1.9% year over year and video purchase/subscription/rentals rose 5.6%.