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 October 24, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.