Electricity prices are rising faster than broader inflation , making it more difficult for President Donald Trump to keep his campaign promise of cutting electricity and energy prices in half.

Electricity prices rose by 6.2% for the year ending in August, with prices increasing by 0.2% on a month-to-month basis, the Bureau of Labor Statistics reported in its latest Consumer Price Index report released Thursday.

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This year-over-year increase is more than double the rate of inflation , which increased slightly to 2.9% for the

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