Electrical Price Index Drops 0.1% in August

The overall pricing trend in EM’s Electrical Price Index (EPI) continued its current trend of small monthly declines, dropping -0.1 percent from July. But two new product categories contributed most to the decline. Residential lighting (-2.3%) and Switchgear (-2.6%) had the biggest drops month-over-month, followed by Conduit Fittings (-1.2%), Fuses (-1.2%), and Nonmettalic Conduit (-1%).

Note: All EPI series represent Global Insight aggregates of Bureau of Labor Statistics’ (BLS) producer price indices (PPIs). The revised data partly reflect redefinitions of specific PPIs by the BLS, but mostly reflect the rebenchmarking of all EPI price series to a 1997 base year. The four following EPI series have been affected by BLS redefinitions: boxes, conduit (fittings), non­metallic conduit, and generators. Sources: U.S. Bureau of  Labor  Statistics; Global Insight