May’s Electric Rates

The Feds published May’s Consumer Price Index last week and it brought more good news for electric consumers. While the overall CPI for all goods and services rose 1.8 percent from May 2018, the electric CPI fell 0.2 percent. That’s a two percent difference between the overall and electric CPI.

Additionally, average weekly earnings rose 2.8 percent. So that’s a three percent difference between average earnings and the electric CPI. Electric rates falling behind consumer prices generally and earnings is a very good thing.