Shocker: Cable TV prices went up four times the rate of inflation

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The Federal Communications Commission today issued a report on average cable TV prices in the US , and to the surprise of no one, it turns out they went up a lot. “Basic cable service prices increased by 6.5 percent [to $22.63] for the 12 months ending January 1, 2013. Expanded basic cable prices increased by 5.1 percent [to $64.41] for those 12 months, and at a compound average annual rate of 6.1 percent over the 18-year period from 1995-2013,” the FCC said. The basic cable increase was four times the rate of inflation as measured by the Consumer Price Index (CPI) for the 12-month period, and substantially above inflation for the 1995-2013 measurement. Read 10 remaining paragraphs | Comments

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Shocker: Cable TV prices went up four times the rate of inflation

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