Cable prices have risen 77 percent since 1996, roughly double the rate of inflation, reports the New York Times in an article titled "Cable Prices Keep Rising and Customers Keep Paying" found here.The technology news feature cites data supplied by the Bureau of Labor Statistics released earlier this month.
Compared to the music industry, the piece reports that "the cable industry has never felt the pricing pressures the music industry is feeling. The most obvious reason is that Internet speeds have not been fast enough to permit easy downloading of movies and other video material."
Click here for the complete New York Times article.
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