Looking for a reason why people hate their cable companies? Well, there are likely several reasons but one of them is undoubtedly the constant stream of price increases and fees that are taking out more and more of consumers’ wallets every year. A major new study from the Federal Communications Commission has found that basic cable prices increased by 6.5% throughout 2012 while expanded basic cable prices rose by 5.1% over the same period. In contrast, the general rate of inflation as measure by the Consumer Price Index throughout 2012 was just 1.6%, meaning that basic cable prices rose at more than four times the rate of inflation in 2012 while expanded basic cable prices rose by more than three times the rate of inflation.
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