January CPI: How Far Have Electric & Gas Prices Fallen?
In last year, electric fell 2.4%, gas fell 12.7%, while overall CPI rose 1.4%
On Friday, the Consumer Price Index for January was announced. The ultimate measure of consumer prices was unchanged from December, for all consumer goods and services.
But for electric service, specifically, the index fell seven tenths of a percent. For natural gas service, specifically, the index fell six tenths of a percent. This means electricity and natural gas became cheaper, relatively.