US Power Prices Climb 61% Faster Than Inflation as Demand Surges

Consumer prices climbed last month by the most in three years, but prices for electricity surged even more, highlighting an intensifying battle between utilities, consumers and power grids.

Electricity prices jumped 6.1% last month compared to a year earlier, according to Bureau of Labor Statistics data published on Tuesday. That’s well above the overall consumer price index, which rose 3.8%, the most since May 2023.