While the total increase for the month was a rather pedestrian +0.6%, some of the individual product segments in September’s Electrical Price Index (EPI) had some wild swings. Ballasts (+8.5%); Pole Line Hardware (+7.4%); Motors (+2.4%); and Nonmetallic Conduit (+2.2%) had the biggest increases, while Power Wire & Cable led the declines with a -4.1% monthly decrease. The total EPI was up +2.7% year-over-year.
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