Average Price: Electricity per 500 Kilowatt-Hour in Portland-Salem, OR-WA (CBSA)
APUA42572621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.47
Year-over-Year Change
-3.49%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average price of electricity per 500 kilowatt-hours in the Portland-Salem, OR-WA metropolitan area. It is a key indicator of regional utility costs and consumer price pressures.
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 Portland-Salem, OR-WA (CBSA) series tracks the typical cost of residential electricity consumption in this specific metropolitan statistical area. This metric is used by policymakers and analysts to monitor changes in regional utility prices and cost-of-living pressures.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through household surveys.
Historical Context
This regional electricity price trend is relevant for understanding consumer price inflation and the economic conditions of the Portland-Salem metropolitan area.
Key Facts
- Portland-Salem residents paid an average of $71.50 per 500 kWh of electricity in 2022.
- Electricity prices in Portland-Salem rose 7.2% between 2021 and 2022.
- The Portland-Salem metro area has above-average electricity costs compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that residents in the Portland-Salem, OR-WA metropolitan area pay for 500 kilowatt-hours of electricity.
Q: Why is this trend relevant for users or analysts?
A: This regional electricity price trend is an important indicator of consumer cost-of-living and utility price pressures in the Portland-Salem metro area, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through household surveys in the Portland-Salem metropolitan area.
Q: How is this trend used in economic policy?
A: This electricity price trend is used by economists and policymakers to monitor regional inflation and utility costs, which can inform decisions around utility regulation, consumer assistance programs, and broader economic policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, so there may be some delay in reflecting the latest price changes in the Portland-Salem metro area.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Portland-Salem, OR-WA (CBSA) (APUA42572621), retrieved from FRED.