According to the U.S. Bureau of Labor Statistics, prices for cable and satellite television service are 16.84% higher in 2022 versus 2017 (a $3.37 difference in value).
Between 2017 and 2022: Cable and satellite television service experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, cable and satellite television service costing $20 in the year 2017 would cost $23.37 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for cable and satellite television service was lower.
In the year 2017: Pricing changed by 5.45%, which is above the average yearly change for cable and satellite television service during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for cable and satellite television service was much higher.
Below are calculations of equivalent buying power for Cable and satellite television service, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cable and satellite television service: