Electricity prices rose in November against backdrop of surging energy demand

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Electricity prices rose 6.9% for the year ending in November, the Bureau of Labor Statistics reported Thursday, adding to a trend of rising costs that have burdened households and could play a major role in the 2026 midterm elections.

Electricity prices are rising at a faster rate than overall inflation, which stood at 2.7% as of the latest update to the Consumer Price Index. The report for November was the first since September, because of the government shutdown in October.

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