Graph and download economic data for Consumer Price Index for All Urban Consumers: Electricity in U.S. City Average (CUSR0000SEHF01) from Jan 1952 to Aug 2025 about electricity, urban, consumer, CPI, price index, indexes, price, and USA.

Energy Inflation in the United States increased to 0.20 percent in August from -1.60 percent in July of 2025. This dataset includes a chart with historical data for the United States Energy Inflation.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Household Energy in Size Class B/C (CUURX000SAH21) from Dec 1997 to Aug 2025 about energy, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.

The annual CPI for energy in the United States decreased to 136.17 index points in 2024. Post 2021, the consumer price indices increased in many countries as economies recovered from the coronavirus pandemic, which led to an energy supply shortage in the latter half of the year. The CPI for energy peaked in 2022, but has been declining ever since.

Retail residential electricity prices in the United States have mostly risen over the last decades. In 2023, prices registered a year-over-year growth of 6.3 percent, the highest growth registered since the beginning of the century. Residential prices are projected to continue to grow by two percent in 2024. Drivers of electricity price growth The price of electricity is partially dependent on the various energy sources used for generation, such as coal, gas, oil, renewable energy, or nuclear. In the U.S., electricity prices are highly connected to natural gas prices. As the commodity is exposed to international markets that pay a higher rate, U.S. prices are also expected to rise, as it has been witnessed during the energy crisis in 2022. Electricity demand is also expected to increase, especially in regions that will likely require more heating or cooling as climate change impacts progress, driving up electricity prices. Which states pay the most for electricity? Electricity prices can vary greatly depending on both state and region. Hawaii has the highest electricity prices in the U.S., at roughly 43 U.S. cents per kilowatt-hour as of May 2023, due to the high costs of crude oil used to fuel the state’s electricity. In comparison, Idaho has one of the lowest retail rates. Much of the state’s energy is generated from hydroelectricity, which requires virtually no fuel. In addition, construction costs can be spread out over decades.

In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

Electricity prices in the U.S. have surged due to rising demand from heatwaves and data centers, alongside investments in grid infrastructure.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Energy Commodities in U.S. City Average (CUSR0000SACE) from Jan 1957 to Aug 2025 about energy, urban, consumer, commodities, CPI, inflation, price index, indexes, price, and USA.

Energy inflation rates in the European Union have experienced significant fluctuations in recent years, with dramatic increases followed by sharp declines. The impact of geopolitical events, particularly Russia's invasion of Ukraine and the tensions in the Middle East, has led to intense volatility in energy prices across various commodities. As of June 2025, liquid fuels are projected to have a negative inflation rate of nine percent, a stark contrast to the peak of 88 percent seen in June 2022. Broader energy price trends The volatility in energy inflation rates is reflected in broader price indices. The harmonized index of consumer prices (HICP) for energy in the EU reached nearly 170 index points in October 2022, before declining slightly in 2023 and 2024. This surge was largely driven by increased fuel demand after the COVID-19 pandemic and sanctions on Russian fossil fuel imports. By comparison, the global energy price index stood at approximately 101.5 in 2024, with forecasts suggesting a decrease to below 80 by 2026. This was considerably lower than the HICP in the EU in 2025, which was around 150. Energy consumption patterns Despite price volatility, global primary energy consumption was continuously rising and is expected to increase until 2045. While renewable energy production is projected to grow in the upcoming years, oil and gas will remain the dominant energy sources worldwide in the next few decades. The two fossil fuels had a central role in the EU’s energy sector as well, having accounted for almost 65 percent of the region’s primary energy consumption in 2024.

The inflation rate of liquid fuel prices in Sweden has increased significantly since 2021, peaking at 69 percent in June 2022. Energy, electricity, and liquid fuels inflation rates have resumed their upward trajectory in 2024, following a decline in 2023.

The inflation rates of energy commodity prices in Greece rose significantly in 2021 and 2022. Gas saw the steepest rise, with the inflation rate standing at 294 percent in September 2022. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility. After a decline in 2023, energy commodity prices have shown a new increase in 2024 and 2025.

Energy Inflation in the United Kingdom increased to 2.50 percent in August from 1.40 percent in July of 2025. This dataset includes a chart with historical data for the United Kingdom Energy Inflation.

View monthly updates and historical trends for US Consumer Price Index: All Items Less Food and Energy YoY. from United States. Source: Bureau of Labor St…

The inflation rates of energy commodity prices in Germany began to significantly increase in 2021, a rise that continued throughout 2022. The gas inflation rate peaked in November 2022 at 82 percent. These increases in inflation were driven by tighter fossil fuel supplies since many economies began recovering from the coronavirus pandemic, and further worsened by supply fears following the Russia-Ukraine war. However, in 2024, the HCIP has decreased compared to the previous year.

Energy commodity price inflation in Hungary increased significantly in 2022. Gas price inflation recorded the highest increase, reaching 120 percent in October 2022. Energy commodity prices have increased in light of the Russia-Ukraine war and an ongoing fuel supply shortage. However, since July 2023, energy commodity price inflation has shown a decline in the country.

The inflation rates of various energy commodities in Turkey skyrocketed in 2022 and again in 2024. The annual rate of change of the energy price inflation peaked in June 2022 at 172.9 percent after climbing continuously from late 2020. Gas and electricity price inflation have also seen significant increases in the period of consideration. Gas inflation skyrocketed with an annual rate of change of over 500 percent at the end of 2024.

Graph and download economic data for Producer Price Index by Industry: Electric Power Generation: Utilities (PCU2211102211104) from Dec 2003 to Aug 2025 about power transmission, utilities, electricity, PPI, industry, inflation, price index, indexes, price, and USA.

The inflation rates of energy commodity prices in Italy began to increase significantly in 2021 and continued throughout 2022. Electricity has seen the steepest rise, with the inflation rate reaching 199 percent in October 2022. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility. Since the beginning of 2023, energy commodity prices have shown a decrease in the country. However, prices started to increase in 2024, with the escalation of the Middle-East conflict.

In Italy, electricity prices recorded a significant increase from March 2021 onward, after having remained stable throughout 2020. The peak was reached in October 2022, when the cost of electric power was 200 percent higher than in the same month of the previous year.

The inflation rate of gas prices in Czechia rose significantly throughout 2022. By comparison, the electricity inflation rate saw the steepest increase in 2023, with the inflation rate standing at 148.6 percent in October of that year. As of December 2024, the rate of energy commodity prices has shown a slight increase, while gas, liquid fuels, and electricity prices recorded a decrease.