July's Electrical Price Index Logs Major Monthly Decrease

Electrical Marketing's Electrical Price Index (EPI) had its biggest monthly decrease in almost six years with a -0.6% decrease to 197.4 points for the Total Index. The EPI hadn't seen a monthly decrease of this size since Nov. 2016, when it dropped -0.81%. The July data was up +12.3% year-over-year, which while still astronomically large was the smallest YOY incrase since May 2021. The Fasteners category bucked the monthly trend with a +2.4% increase in July.

Click here to download monthly and historical Electrical Price Index data

Note: All EPI series represent S&P Global 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 2012 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; S&P Global