Why one area of the economy isn’t seeing inflation

Inflation in December was the hottest in nearly 40 years, according to the Federal Reserve’s favored gauge, released this morning. U.S. consumers have been confronted with higher prices for everything from gasoline to groceries, cars to dishwashers. There’s one industry, though, that’s undergoing a pricing war that has prevented increases.

Have you looked at your mobile phone bill lately?

“At a time when seemingly every other industry in America is raising prices, the wireless industry…


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