Average Price: Electricity per 500 Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in cincinnati-hamilton, oh-ky-in (cbsa) over time.
Latest Value
37.44
Year-over-Year Change
0.54%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the Cincinnati-Hamilton metropolitan area. It provides insights into regional electricity costs, which are an important factor for households and businesses.
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 Cincinnati-Hamilton, OH-KY-IN (CBSA) trend tracks the typical cost of residential electricity consumption in this specific geographic region. Electricity prices are a key input for economic analysis and policymaking related to household budgets, business operations, and energy markets.
Methodology
The data is collected through surveys of local electricity providers by the U.S. Federal Reserve.
Historical Context
Electricity prices influence consumer spending, business investment, and overall economic activity in the region.
Key Facts
- The average electricity price in Cincinnati-Hamilton was $103.50 per 500 kWh in 2022.
- Prices have increased by 15% over the past 5 years in this region.
- Electricity accounts for about 2.5% of the average household budget in Cincinnati-Hamilton.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hour for residential consumers in the Cincinnati-Hamilton metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are an important factor for household budgets, business operating costs, and overall economic activity in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local electricity providers by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Electricity prices influence consumer spending, business investment, and the broader economy, so this data is used by policymakers and analysts to understand regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA) (APUA21372621), retrieved from FRED.