June's CPI and Electricity
June 10's Consumer Price Index data delivered more inflation news.
Consumer prices were up 8.6 percent year-over-year. The CPI's component for electricity was up 12.0 percent.
While the CPI increase was not much different across the country's four census regions, the electricity component's increase was. The why is obvious as you shall see below.
The CPI was up 7.5 percent in the northeast, 8.8 percent in the midwest, 9.2 percent in the south, and 8.3 percent in the west. That averages 8.6 percent as we said, appropriately weighting the four regions.