- Electricity prices surged 10.2% for the year through March, more than double the 5% inflation rate, the U.S. Bureau of Labor Statistics reported Wednesday.
- But electricity prices fell 0.7% in March, the steepest decline since January 2021, BLS said, suggesting that prices may have peaked. Electricity prices rose in each of the previous six months.
- The U.S. Energy Information Administration projects lower electricity prices in the second quarter, and BLS said prices for natural gas, which accounts for much of the fuel used by generators, declined 7.1% in March, following an 8% decline in February.
