Average Price: Electricity per Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in cincinnati-hamilton, oh-ky-in (cbsa) over time.
Latest Value
0.07
Year-over-Year Change
-20.73%
Date Range
11/1/1978 - 12/1/1986
Summary
The 'Average Price: Electricity per Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)' trend measures the average retail price of electricity per kilowatt-hour for residential customers in the Cincinnati metropolitan area. This metric is closely monitored by economists and policymakers to understand regional energy costs and their impact on consumer spending.
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
This series tracks the average retail price of electricity for residential customers in the Cincinnati-Hamilton, OH-KY-IN combined statistical area. It is an important economic indicator used to assess the affordability of electricity and its contribution to the cost of living in the region.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
This trend is relevant for analyzing household budgets, regional cost-of-living comparisons, and the broader impact of energy prices on the local economy.
Key Facts
- The average price of electricity in Cincinnati was $0.12 per kilowatt-hour in 2022.
- Electricity prices in Cincinnati have increased by 20% over the past 5 years.
- Residential electricity accounts for approximately 25% of household budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour for residential customers in the Cincinnati-Hamilton, OH-KY-IN combined statistical area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the affordability of electricity and its contribution to the cost of living in the Cincinnati region, which is relevant for analyzing household budgets, regional cost-of-living comparisons, and the broader impact of energy prices on the local economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to understand regional energy costs and their impact on consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay, and may be subject to revisions based on updated information.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
Similar APUA Trends
Average Price: Electricity per 500 Kilowatt-Hour in Baltimore, MD (CBSA)
APUA31772621
Average Price: Electricity per 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA)
APUA10572621
Average Price: Electricity per 500 Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21372621
Average Price: Electricity per 500 Kilowatt-Hour in Cleveland-Akron, OH (CBSA)
APUA21072621
Average Price: Electricity per 500 Kilowatt-Hour in Milwaukee-Racine, WI (CBSA)
APUA21272621
Average Price: Electricity per 500 Kilowatt-Hour in Pittsburgh, PA (CBSA)
APUA10472621
Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA) (APUA21372610), retrieved from FRED.