Electricity Prices Are Up 30% From Last Year
Electricity prices are now 30.2 percent higher than they were a year ago, and August's inflation report shows the increases are accelerating. The Bureau of Labor Statistics' electricity index jumped 5.5 percent in August alone, its largest one-month move of 2026. The average price of a kilowatt-hour across US cities stood at 19.6 cents in August, per the BLS average-price data. Headline CPI gets the attention at 3.4 percent, but the line item lighting your home is running nearly ten times faster than core inflation.
Key Takeaways Headline CPI rose 0.4 percent in August and 3.4 percent over the year; core CPI rose 0.3 percent on the month and 2.4 percent year over year (BLS, released September…
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