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From Home Furnishing Business
FastFact: Televisions, Computers Join Furniture in Price Decline Parade
April 3,
2017 by Larry Thomas in Economic News, Industry
Furniture isn't the only sector of the durable goods category that has seen price erosion in recent years, according to data from the Bureau of Labor Statistics. Televisions and personal computers, in fact, have recorded steeper price declines than furniture since 2010, even though the cost of using those devices has gone up.
The BLS data, for example, shows that television prices have fallen an average of 16% a year during that time, while prices of cable and satellite radio and television services have risen an average of 4% per year.
For more details about the BLS data, click here.