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The phrase 'is getting cheaper' is correct and usable in written English.
You can use this phrase when you want to describe how something is becoming less expensive. For example: "The cost of living is getting cheaper."
Exact(52)
The technology is getting cheaper and better all the time.
And genetic technology is getting cheaper by the day.
On top of that, data is getting cheaper for Verizon to deliver.
The technology to synthesise DNA from publicly available sequences is getting cheaper and simpler.
"Technology is getting cheaper all the time, reducing barriers to entry into the market.
Second is renewable energy which, driven by innovation and mass manufacturing, is getting cheaper every year.
Similar(5)
Loans are getting cheaper and cheaper.
Mostly, it's getting cheaper.
Almost everything will be getting cheaper.
Mobile phone calls in Indonesia are getting cheaper.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com