Rates for Cable TV Outpace Inflation
Cable television prices increased at more than twice the rate of inflation in the 12 months ended last July 1, according to a Federal Communications Commission report.
The average monthly rate for basic and expanded cable programming and related equipment rose 7.5% to $36.99 from $34.42, the FCC said. The consumer price index, a measure of inflation, rose 3.2% over the same period.
The 7.5% increase in cable television costs follows a 5.8% rise in the same period a year earlier, the FCC’s annual cable television survey said.
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