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US Power Prices Rise Most in 41 Years as Inflation Endures

  • Electricity-price rise of 15.8% is highest since August 1981
  • Total energy index slipped 5% from July, led by gasoline bills
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August electricity bills for US consumers jumped the most since 1981, gaining 15.8% from the same period a year ago, according to the US Bureau of Labor Statistics.

Natural gas bills, which crept back up last month after dipping in July, surged 33% from the same month last year, labor data released Tuesday showed. Broader energy costs slipped for a second consecutive month because of lower gasoline and fuel oil prices. Even with that drop, total energy costs were still about 24% above August 2021 levels.