According to a report recently published by the Wall Street Journal, the cost of wireless service in the United States has decreased by 12.9 percent during the past year. The US Labor Department was quick to point out that this drop is the largest is by far the largest ever recorded in the last 16 years. In its report, the Wall Street Journal showed how the cost of mobile plans had decreased 7 percent back in March early this year, as well as a further 1.7 percent in April the following month. Compared to the April 2016 numbers last year, this year’s April figures represent a whopping fall of nearly 13 percent. In retrieving the numerical data, the Wall Street Journal report referenced the US Labor Department’s consumer price index (CPI), which provides pricing information with regards to consumer products and services on a monthly basis.
The article explained that the likely cause of the massive reduction in mobile service costs is the recent popularity of unlimited wireless plans as offered by most of the players in the country’s wireless industry. This so-called unlimited price wars have certainly escalated in the last few months, with members of the Big Four all trying to one up each other with their respective offerings.
While it is true that T-Mobile and Sprint have long made unlimited mobile plans available for their customers, industry leaders Verizon Wireless and AT&T have since joined in on the fun, introducing (or relaunching) options of their own designed to compete with what other rival networks are currently offering.
And there seems to be no end in sight for the price wars. Almost a month ago, Sprint had introduced a new special deal that offers five lines of service of unlimited data for only $90 a month. This deal basically offers the first line of service at $50 and the second line at $40, and then the remaining lines are essentially rendered free of charge. Sprint is still applicable for 2018, when prices will rise to $60 a month for the first line of service, $40 a month for the second line, and $30 a month for the third, fourth, and fifth lines. So far, this deal is more affordable than those unlimited plans currently offered by the other members of the Big Four.
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