Breaking News: Electric Rates Drop
Did you hear about yesterday’s Labor Dept. report of the Consumer Price Index? The CPI rose one percent in February 2016, from February 2015. So?
You may not have heard much about the numbers behind the CPI report. You may not have heard that the average price American consumers pay for electric utility service (electric rates) dropped three percent.
And what consumers pay for natural gas utility service dropped ten percent. This is big news. Electric and gas utility service is becoming cheaper before our eyes.
Virtually every category of the CPI rose while utility rates dropped.
Food was up one percent. Housing was up two percent. Apparel was up one percent. Medical Care was up three and a half percent. Recreation was up one percent.