Electrical Marketing’s Electrical Price Index (EPI) increased 0.4% in January and is up 0.6% year-over-year, a break in a long run of little or no change. Power wire and cable increased the most at 5.4% followed by generators (+2.1%); wiring devices (+1.3%); and motors (+1.1%). No other categories increased or decreased more than one percent in January.
Note: All EPI series represent Global Insight aggregates of Bureau of Labor Statistics’ (BLS) producer price indices (PPIs). The revised data partly reflect redefinitions of specific PPIs by the BLS, but mostly reflect the rebenchmarking of all EPI price series to a 1997 base year. The four following EPI series have been affected by BLS redefinitions: boxes, conduit (fittings), nonmetallic conduit, and generators. Sources: U.S. Bureau of Labor Statistics; Global Insight