Average Price: Electricity per 500 Kilowatt-Hour in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in miami-fort lauderdale-west palm beach, fl (cbsa) over time.
Latest Value
58.75
Year-over-Year Change
2.47%
Date Range
11/1/1978 - 6/1/2013
Summary
The Average Price: Electricity per 500 Kilowatt-Hour in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) measures the average cost of electricity for residential consumers in the Miami metropolitan area. This data point is crucial for understanding trends in the regional cost of living and energy usage.
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 economic indicator tracks the average cost of 500 kilowatt-hours of electricity in the Miami-Fort Lauderdale-West Palm Beach, FL Combined Statistical Area. It provides valuable insights into residential energy prices, which are a significant component of household budgets and can impact consumer spending and business operations.
Methodology
The data is collected and reported by the U.S. Bureau of Labor Statistics as part of the Consumer Price Index (CPI) program.
Historical Context
Policymakers and market analysts use this trend to assess the affordability of electricity and its impact on the regional economy.
Key Facts
- The average price of 500 kWh of electricity in Miami is $[X] as of [date].
- Electricity prices in Miami have increased by [X]% over the past year.
- Miami's electricity prices are [X]% higher/lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of 500 kilowatt-hours of electricity for residential consumers in the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for understanding the cost of living and energy usage trends in the Miami region, which is important for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Labor Statistics as part of the Consumer Price Index (CPI) program.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the affordability of electricity and its impact on the regional economy, including consumer spending and business operations.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 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 APUS35B Trends
Average Price: Electricity per Kilowatt-Hour in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B72610
Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B7471A
Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B74713
Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B74712
Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B74715
Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B74716
Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B72621), retrieved from FRED.