Producer prices for telephone communications continue to decline
October 26, 2000
In 1999, producer prices for telephone communications fell 3.0 percent, following a 1.7-percent drop in 1998.
The price index for the telephone communications industry has decreased four years in a row—and in each successive year the price decline has been sharper.
Due to competition among long-distance carriers, prices for long-distance phone service ("public switched toll service") dropped by 5.8 percent in 1999. Not all of the industry's products experienced price decreases in 1999, though. Prices for local service (except private lines) increased slightly—by 0.2 percent.
These data are a product of the BLS Producer Price Index program. Prices in this article (1) are those received by producers in the industry providing telephone communications, except radiotelephone and (2) represent December-to-December changes. A separate price series for wireless communications began in June 1999 and is not included here. Learn more in "Rising producer prices in 1999 dominated by energy goods," by Eleni Xenofondos and William F. Snyders, Monthly Labor Review, August 2000.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Producer prices for telephone communications continue to decline on the Internet at http://www.bls.gov/opub/ted/2000/oct/wk4/art04.htm (visited July 23, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.