EM’s Electrical Price Index (EPI) declined again in July, dropping a half percentage point from June and 0.6% year-over-year (YOY) from June 2014. Power Wire & Cable saw a particularly large drop of 4.1% (-4.8% YOY), while building wire added to the EPI’s decline with a 2% decline in June and a 2.3% decline YOY). Also supporting the downward trend were Telephone supplies (-1.5% MOM) and -5.2% YOY); and the Air Conditioners category, which dropped 1.4% in June and -4.2% YOY.
Note: All EPI series represent Global Insight aggregates of Bureau of Labor Statistics’ (BLS) producer price indices (PPIs). The data is now benchmarked to 2012 instead of 2007, reflecting new pricing informaton now available. Sources: U.S. Bureau of Labor Statistics; Global Insight