> If price per kwh doubles, but energy budgets are stuck, how does this appear in the CPI
It doubles. “BLS calculates and publishes average price series for price per kWh of electricity, per therm of utility (piped) gas service, and per gallon of fuel oil” [1]. (Not sure about PCE.)
It doubles. “BLS calculates and publishes average price series for price per kWh of electricity, per therm of utility (piped) gas service, and per gallon of fuel oil” [1]. (Not sure about PCE.)
[1] https://www.bls.gov/cpi/factsheets/household-energy.htm