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Inflation Will Crank Up Your Air-Conditioner Bill This Summer
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wsj.comAs if Americans didn’t already have enough to sweat about, this summer is likely to hit consumers with much higher air-conditioning bills.
Electricity prices rose 12% in the past year, according to May’s consumer-price index, and have shown no signs of cooling off. This will translate to $540 in electric bills for the average American household between June and August, a $90 increase from a year ago, according to an analysis of federal data by the National Energy Assistance Directors Association, which helps states manage low-income utility assistance programs.
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