US electricity prices are now skyrocketing far beyond inflation — and the pressure is only building. 🔥
🔹 In April, electricity prices surged +6.1% YoY — the hottest reading since January 2022.
🔹 That marks the 8th month in the last 10 with gains above +5.0%.
🔹 Meanwhile, overall US CPI rose just +3.8% YoY — its biggest jump since May 2023.
📊 The takeaway? Electricity is now rising ~61% faster than the broader inflation rate.
Why? 💡
Surging power demand from data centers (AI, cloud, crypto) is straining US energy grids, pushing wholesale electricity costs sharply higher.
📈 Since January 2020:
Average US electricity prices have soared +44% — to an all-time high.
CPI has risen +28% — also a record.
🚨 Bottom line: Electricity price growth is accelerating, and most people aren’t prepared for what’s next.
#EnergyCrisis #InflationAlert #PowerSurge
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