Smartphone, TV Prices Down Sizably: CPI
The price of smartphones and TVs dropped notably in the U.S. between April 2023 and last month, according to Bureau of Labor Statistics consumer price index unadjusted data released Wednesday. Smartphone prices were down 9.8% year over year, while TV…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
prices fell 8.2%, it said. Computers, peripherals and smart home assistant prices dropped 1.6%, while the cost of wireless phone service was down 2.7%, it said. The cost of residential phone service rose 4.2%, while cable, satellite and livestreaming TV service costs were up 3.8% and internet service increased 4.9%. The cost of video purchase/subscription/rental rose 9%. BLS said April prices for all items were up 3.4% year over year before seasonal adjustment.