Prices for electricity in the United States soared well above overall inflationary levels last year, putting an added squeeze on consumers already reeling from significantly inflated costs of most consumer goods.
The Consumer Price Index Summary released by the U.S. Bureau of Labor Statistics this month showed the 12-month average price of electricity last month jumping a whopping 14.3%, more than double the 6.5% of overall price increases.
Gas prices jumped even higher, showing a 19.3% increase year-over-year. Energy services overall were up more than 15%.Supply chain crises and economic strain after years of pandemic chaos drove much of the staggering […]
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