The energy index in the US fell by 1.9% over the past 12 months in February 2024, following a 4.6% drop in the previous month. It marks the 12th consecutive month of decreases in energy prices, albeit the softest in five months. The gasoline index declined 3.9% (vs -6.4% in January), utility gas service slipped 8.8% (vs -17.8%) and fuel oil fell 5.4% (vs -14.2%). Meanwhile, the index for electricity rose 3.6%, after a 3.8% increase in the prior month. On a monthly basis, energy prices rose by 2.3% in February, the most in six months, after a 0.9% decrease in the prior month. source: Bureau of Labor Statistics
Energy Inflation in the United States decreased by 1.90 percent in February from -4.56 percent in January of 2024. Energy Inflation in the United States averaged 4.51 Percent from 1958 until 2024, reaching an all time high of 47.13 Percent in March of 1980 and a record low of -28.09 Percent in July of 2009. This page includes a chart with historical data for the United States Energy Inflation. United States Energy Inflation - values, historical data and charts - was last updated on March of 2024.