Electrical Prices Remain Flat in October

Excluding the somewhat odd category of air conditioning equipment, which fell 4.8% from September, pricing for all electrical equipment was essentially flat again in October. A move of a half-percent, such as in hand and power tools and transformers (both up) and pole line hardware and boxes (both down) counts as dramatic movement in this economy. Steady as she goes.

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