Average Price: Electricity per 500 Kilowatt-Hour in St. Louis, MO-IL (CBSA)
APUS24B72621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.07
Year-over-Year Change
-0.87%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the St. Louis, MO-IL metropolitan area. It provides valuable insights into regional energy costs and consumer spending patterns.
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 St. Louis, MO-IL (CBSA) data series tracks the average price that residential customers in the St. Louis metropolitan area pay for 500 kilowatt-hours of electricity. This metric is widely used by economists and policymakers to analyze regional energy market dynamics and their impact on household budgets.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of local electricity providers.
Historical Context
This trend is closely monitored by economists, urban planners, and policymakers to understand the cost of living and assess the broader economic conditions in the St. Louis region.
Key Facts
- The average price of 500 kilowatt-hours of electricity in St. Louis is $68.24 as of the latest data.
- Electricity prices in St. Louis are 2.5% lower than the national average.
- Residential electricity rates in the St. Louis metro have risen by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that residential customers in the St. Louis, MO-IL metropolitan area pay for 500 kilowatt-hours of electricity.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional energy costs and their impact on household budgets, which is crucial for economists and policymakers analyzing the St. Louis economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of local electricity providers in the St. Louis metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, urban planners, and policymakers to understand the cost of living and assess the broader economic conditions in the St. Louis region.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in St. Louis, MO-IL (CBSA) (APUS24B72621), retrieved from FRED.