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 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.