USTelecom Releases 2023 Broadband Pricing Index

The 2023 Broadband Pricing Index (BPI), the fourth installment of USTelecom’s annual report, shows continued good news for broadband consumers, including an 18 percent drop year-over-year in the price of providers’ most popular broadband speed tier (Real BPI-Consumer Choice) and a 6.5 percent drop year-over-year in the price of providers’ fastest speed tier (Real BPI-Speed). Even without accounting for inflation, this pricing trend is in direct contrast to the rising cost of overall goods and services, up nearly 5 percent in a similar one-year period. The new data builds on consistent trends over the past eight years, showing prices for both the most popular and fastest tiers, when accounting for inflation, down by 55 percent since 2015. Over the same period, download speeds for the most popular service offerings got significantly faster, accelerating by more than 140 percent, and download speeds for the fastest service offerings were up 117 percent. The combination of faster speeds and lower prices has translated into an approximately 80 percent reduction over the past eight years in the real price per megabit for the most popular and fastest service offerings – allowing many consumers to do far more with their broadband service than ever before. More findings from the 2023 BPI can be found here.