EM's Electrical Price Index (EPI) saw comparatively large increases across a large swath of core electrical products. The Total Index was up +0.4% for the month and was up +4.2% over June 2023. Circuit Breakers (+4.6%); Panelboards & Switches (+2.6%); and Industrial Controls (+2.3%) led the charge in monthly increases. On a year-over-year basis, Power Wire & Cable (+15.5%) and Building Wire & Cable (+11.2%) registered the largest increases.
Note: All EPI series represent IHS Markit 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.
