The Bloomberg headline linked to by Drudge meant that the rate of inflation for the consumer price electricity index at 6.1% year over year was 61% higher than the overall consumer price index rate of inflation of 3.8% year over year.
A different measure, the average price of electricity, climbed 7.2% year over year to a new high of 19.4 cents per kilowatt-hour.
It will be of little comfort to many to note that it could be worse.
While the price of a barrel of oil has far outrun inflation over the long haul, electricity has not. At 4.6 cents in November 1978, its inflation adjusted price today would be 22.73 cents.
