Average Price: Electricity per 500 Kilowatt-Hour in the Midwest Census Region - Urban
APU020072621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.27
Year-over-Year Change
2.25%
Date Range
11/1/1978 - 6/1/2013
Summary
This trend measures the average price of electricity per 500 kilowatt-hour in the Midwest Census Region for urban areas. It provides insight into energy costs and consumption patterns in a key U.S. economic region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Electricity per 500 Kilowatt-Hour in the Midwest Census Region - Urban series tracks the average retail price paid by urban consumers for 500 kilowatt-hours of electricity in the Midwest region. This metric is used by policymakers and analysts to monitor energy affordability and the economic impacts of electricity prices.
Methodology
The data is collected through surveys of electric utilities in the Midwest region.
Historical Context
Electricity prices influence consumer spending, industrial competitiveness, and macroeconomic conditions, making this trend relevant for economic policy and market analysis.
Key Facts
- Electricity is a major household and business expense.
- The Midwest is a key manufacturing and agricultural region.
- Urban areas typically have higher electricity prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by urban consumers in the Midwest Census Region for 500 kilowatt-hours of electricity.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key input for consumer spending, industrial activity, and overall economic conditions, making this trend important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities in the Midwest region.
Q: How is this trend used in economic policy?
A: Electricity prices influence consumer budgets, business costs, and macroeconomic conditions, so this trend is used by policymakers and economists to assess energy affordability and the broader economic impacts of energy prices.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and it only covers urban areas in the Midwest Census Region.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in the Midwest Census Region - Urban (APU020072621), retrieved from FRED.