Americans typically dedicate 5% to 10% of their income to utility expenses, which notably affects their cost of living. Recent Bureau of Labor Statistics data indicates inflation reached 2.7% year over year, slightly exceeding predictions. The Consumer Price Index showed significant increases in energy services, particularly with electricity up 5.5% and utility gas services climbing 14.2%. The increasing demand for natural gas is driven by expanding data centers related to artificial intelligence, presenting substantial implications for energy consumption in the coming decade.
Americans should expect to spend 5% to 10% of their income on utilities, which significantly influences their cost of living.
According to the Bureau of Labor Statistics, inflation rose 2.7% year over year, partially due to expected tariffs impacting prices.
Energy services saw a 7.5% increase, with electricity climbing 5.5% and utility/piped gas services rising 14.2%, marking a notable CPI change.
The demand for natural gas is projected to surge, influenced by AI workloads and data center expansions, which will contribute significantly to future energy needs.
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