Electrical Marketing’s Electrical Price Index (EPI) dropped -0.2% in December but logged a +1.9% year-over-year (YOY) increase.
Nonmetallic conduit (-1.5%) and conduit fittings (-1.9%) showed the biggest declines last month, while Power Wire & Cable came in with the biggest increases, with a +1.6% increase over November and a +7.9% boost over Dec. 2016. No other categories showed a change of 1% or more.
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