October 2023

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.

President Biden was joined by Federal Trade Commission (FTC) Chair Lina Khan and Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra as they announced new efforts to crack down on junk fees and bring down costs for American consumers. Junk fees are hidden, surprise fees that companies sneak onto customer bills, increasing costs and stifling competition in industries across the economy.