While EM’s monthly Electrical Price Index (EPI) only increased +0.1%, its +3% increase year-over-year is a better reflection of market pricing’s longer term trend. Much of this annual change can be linked to the YOY increases in several core electrical product categories: Building Wire & Cable (+4.5%); Power Wire & Cable (+17.9%); Conduit Fittings (+4.7%); Nonmetallic Conduit (+4.2%); and Lamps (+3.6%).
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