EPI Shows Some Big Declines in March 2023
Electrical Marketing's Electrical Price Index (EPI) showed notable declines in both its month-to-month and year-over year change data. The EPI's Total Index was down -0.6% in March, its largest monthly decline since Nov. 2016 when it declined -0.8%. Its +5.4% YOY increase was the smallest since its Feb. 2021 increase of +5.2%. Many of the EPI’s major product groups also showed some sizeable monthly declines.