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Inflation overall may be cooling down, but if you feel like your streaming bills are out of control, you’re not imagining it.
WASHINGTON D.C., DC — Inflation overall may be cooling down, but if you feel like your streaming bills are out of control, you’re not imagining it.
New data from the U.S. government shows what some are calling “streamflation,” and it’s very real.
The latest Consumer Price Index shows prices up 2.7% over the past year, but buried in the data is a big outlier.
Subscription video services, such as Netflix, Disney+ and HBO+, all jumped 20% in one year.
For comparison, cable-style streaming, like YouTube TV, went up about 1%, and music subscriptions barely moved at all, but that may be changing as well.
Meanwhile, more live sports events are being pushed onto streaming platforms right in the middle of football season. Even NBA games are no exclusive to streaming apps, like Peacock.
To watch the same games we used to in one place, consumers now need multiple subscriptions, but that’s rapidly getting more expensive.
While this spike in subscription costs may be temporary, more price hikes are already coming.
Consumer experts say it’s best to review subscriptions regularly and cancel any unused services. Many subscriptions also offer downgraded services to help cut costs.
Bundling is another way some streaming companies are offering reduced rates for their services. The big question now is whether new bundles will actually save consumers money in the long run.
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