Average Price: Electricity per Kilowatt-Hour in St. Louis, MO-IL (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in st. louis, mo-il (cbsa) over time.
Latest Value
0.13
Year-over-Year Change
2.38%
Date Range
11/1/1978 - 11/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the St. Louis metropolitan area. It is a key indicator for understanding energy costs and the cost of living in the 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 Kilowatt-Hour in St. Louis, MO-IL (CBSA) series tracks the average retail price of electricity sold to residential, commercial, and industrial consumers in the St. Louis metro area. This metric is used by policymakers, researchers, and businesses to analyze energy market conditions and the local cost of living.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Electricity prices are an important input for economic analysis and policy decisions related to energy, inflation, and regional competitiveness.
Key Facts
- St. Louis metro area includes parts of Missouri and Illinois.
- Electricity accounts for over 10% of total household expenditures.
- Prices vary by consumer type (residential, commercial, industrial)
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average retail price of electricity per kilowatt-hour sold to residential, commercial, and industrial consumers in the St. Louis metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key component of the cost of living and production costs for businesses in the St. Louis region, making this data important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this data to analyze energy market conditions, the local cost of living, and regional competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in St. Louis, MO-IL (CBSA) (APUS24B72610), retrieved from FRED.