All Employees: Professional and Business Services in Arkansas
Monthly, Seasonally Adjusted
ARPBSV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.00
Year-over-Year Change
0.25%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Average Retail Price of Electricity, Residential (Cents per Kilowatt Hour)' trend measures the average price paid by U.S. residential electricity consumers. It is a key economic indicator for monitoring energy costs and household budgets.
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 series tracks the average retail price of electricity for the residential sector in the United States. It is used by policymakers, economists, and industry analysts to assess trends in household energy expenditures and the impacts of factors like fuel prices, weather, and regulatory changes.
Methodology
The data is collected through a monthly survey of electric utility companies by the U.S. Energy Information Administration.
Historical Context
The residential electricity price trend provides important context for evaluating consumer spending, inflation, and energy policy.
Key Facts
- Residential electricity prices averaged 13.9 cents per kWh in 2022.
- Prices have increased by over 15% from 2020 to 2022.
- The U.S. residential electricity sector accounts for over a third of total electricity sales.
FAQs
Q: What does this economic trend measure?
A: The 'Average Retail Price of Electricity, Residential' trend measures the average price paid by U.S. households for electricity on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insight into household energy expenditures and is used by policymakers, economists, and industry analysts to evaluate factors impacting consumer costs and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of electric utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: The residential electricity price trend is used to inform energy policy decisions, assess the impacts of market factors on consumer budgets, and evaluate the broader economic implications of changes in household energy costs.
Q: Are there update delays or limitations?
A: The data is released with a 1-2 month lag and may be subject to periodic revisions by the source agency.
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Citation
U.S. Federal Reserve, Average Retail Price of Electricity, Residential (Cents per Kilowatt Hour) (ARPBSV), retrieved from FRED.