Average Price: Electricity per 500 Kilowatt-Hour in Urban Hawaii (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in urban hawaii (cbsa) over time.
Latest Value
39.16
Year-over-Year Change
-25.42%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average price of electricity per 500 kilowatt-hours for urban consumers in Hawaii. It is a key indicator of energy costs and consumer purchasing power in the state.
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 Urban Hawaii (CBSA) series tracks the average cost of a standard residential electricity unit in the Honolulu, HI metropolitan area. This metric is widely used by economists and policymakers to analyze energy affordability and its impact on household budgets.
Methodology
The data is collected through monthly surveys of electric utilities serving the Honolulu CBSA.
Historical Context
This trend provides important context for understanding the cost of living and consumer behavior in Hawaii's urban markets.
Key Facts
- Electricity prices in urban Hawaii are among the highest in the U.S.
- Prices have risen over 50% in the past decade due to reliance on imported fossil fuels.
- Electricity accounts for over 10% of the average Hawaiian household's monthly expenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hours for urban consumers in the Honolulu, Hawaii metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of energy affordability and its impact on household budgets in Hawaii, which has some of the highest electricity prices in the nation.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of electric utilities serving the Honolulu CBSA.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the cost of living and consumer behavior in Hawaii's urban markets, which informs decisions on energy policy, subsidies, and affordability programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and only covers the Honolulu metropolitan area, not the entire state of Hawaii.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Urban Hawaii (CBSA) (APUS49F72621), retrieved from FRED.