THE Bureau of Labor's last quarterly
statistics on the changes in the cost of living in the United States as compared
with basic prices in 1918 carry an interesting footnote. Hitherto "fuel and
light" have been lumped together in the table and have shown a very large
increase, comparable to that in other staple commodities. In the statistics just
issued, which include the figures for March, 1923, this manifest injustice to
the producers and distributors of electrical energy is remedied by a line
added after the total and showing an actual decrease In the price of energy as
compared with December, 1914. "Fuel and light" combined show an increase in the
last quarter of 86.2 per cent, compared with 42 per cent for food and 74.4 per
cent for clothing, but electricity not only shows a decrease of 2.4 per cent but
has shown an increase only once in the last six years—one of 1.2 in December.
1920.
The information contained in the Bureau of
Labor's statistics, which are a summarization of the figures for thirty-two
cities computed on a 1913 basis, is derived from actual prices which have been
obtained from merchants and dealers for each of the periods named.Document 36: Cost of Electricity: Government Figures Show It to Be the One Important
Commodity to Decrease in Price,” Electrical World 81, no 18, may 5, 1923, page
1052: