In this time of rampant inflation, prices of almost every product and service are increasing. But internet plans remain stable. A new survey finds that consumers aren’t experiencing price increases on their internet plans.
According to an analysis by BroadBandNow, broadband prices have remained stable since 2015, averaging $90 per month. BroadBandNow analyzed nearly 2,000 ISPs that offer service over cable, fiber technology and DSL and found that these internet services are not affected by inflation.
Inflation-adjusted prices for fiber optic service fell by 40%, indicating that fiber optic technology has penetrated many markets and now provides fast and reliable internet connection services.
BroadBandNow also found that the Affordable Connectivity Program has greatly helped people to choose affordable monthly internet services, but the program was terminated due to lack of funding from Congress for 23 million households in the U.S. Democrats stated that they will continue to fight to revive the Affordable Connectivity Program in the U.S.
The average monthly internet bill is $90, which is still high as many people believe internet bills should be $60 or less. Meanwhile, a survey by U.S. News & World Report found that many consumers claim their internet bills ranged from $20 to $60 when they first signed up for internet service.
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