Major FCC study shows cable bills rising at 3X inflation
You were wondering why your cable TV bill seems to be out of control? Because it is. That's the conclusion of a major FCC study that has just concluded that the price of cable packages has been rising at triple the rate of inflation . From the study:
[B]asic cable prices increased by 6.5% throughout 2012 while expanded basic cable prices rose by 5.1% over the same period. In contrast, the general rate of inflation as measured by the Consumer Price Index throughout 2012 was just 1.6%, meaning that basic cable prices rose at more than four times the rate of inflation in 2012 while expanded basic cable prices rose by more than three times the rate of inflation.Sound bad? It gets worse. Keep reading over at BGR. And then take the TechCrunch Four Step Plan for cutting the cord . Screw you, cable.