A recent report by the FCC shows that cable companies have upped their prices for services at a rate far exceeding any explanation offered by inflation rates.
Back in 1995, cable cost an average of just $22.35 a month. Now it’s up to an average of $69.03, a 208.9% rise. Inflation alone can’t account for nearly so much change, as inflation has changed by just 55.8% over that same period. As you’d expect, the year-by-year data looks similar. On average, cable prices rose 5.8% each year. Inflation rose at an average of 2.2% per year. There were even two years that inflation did not grow (2009 and 2015), but cable prices went right on rising in those years.
Keep that in mind whenever cable companies use the word “fair”anytime they whine about anything.