Broadband Not Contributing to Inflation

The Bureau of Labor Statistics (BLS) announced last month's inflation numbers, revealing that consumer prices rose 2.6% in October compared to the previous year. While overall inflation has significantly decreased in the last two years, consumers are still weary of any uptick. One area they can take solace in, however, continues to be broadband prices.

Broadband prices are on consumers' side

New Consumer Price Index (CPI) data shows:

• Internet prices fell 1.0% in October compared to September.
  • That's the third month in a row and the fourth out of the last five, that internet prices have fallen compared to previous months.
• On an inflation-adjusted annual basis, internet prices are down 1.5% compared to last (2023) October.

A consistent bright spot for consumers

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.

To learn more about how broadband has remained stable and affordable amid years of high inflation, visit ncta.com.