Average Price: Electricity per 500 Kilowatt-Hour in Boston-Cambridge-Newton, MA-NH (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in boston-cambridge-newton, ma-nh (cbsa) over time.
Latest Value
81.91
Year-over-Year Change
4.11%
Date Range
11/1/1978 - 6/1/2013
Summary
This trend measures the average price of electricity per 500 kilowatt-hour in the Boston-Cambridge-Newton, MA-NH metropolitan area. It provides valuable insights into regional energy costs and 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
The Average Price: Electricity per 500 Kilowatt-Hour in Boston-Cambridge-Newton, MA-NH (CBSA) metric tracks the typical cost of residential electricity consumption in this major urban region. This data point is used by economists and policymakers to analyze energy market dynamics and consumer purchasing power.
Methodology
The data is collected through surveys of local electricity providers and aggregated by the U.S. Federal Reserve.
Historical Context
Electricity prices are a key factor in consumer spending and business operations, making this trend relevant for economic analysis and policy decisions.
Key Facts
- Boston electricity prices are typically higher than the national average.
- Electricity accounts for a significant portion of household budgets in the region.
- Trends in this metric are closely watched by policymakers and energy analysts.
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 Boston-Cambridge-Newton, MA-NH metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key driver of consumer spending and business costs, making this metric valuable for economists and policymakers analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local electricity providers and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Electricity price trends are closely monitored by policymakers and market analysts to inform decisions related to energy policy, consumer protection, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A72621), retrieved from FRED.