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: Electricity in U.S. City Average (CUSR0000SEHF01) from Jan 1952 to Aug 2025 about electricity, urban, consumer, CPI, price index, indexes, price, and USA.

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.

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.

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

Inflation for housing, water, electricity, gas, and other fuels in the United Kingdom was ****percent in the second quarter of 2025, compared with ****percent in the previous quarter.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Fuels and Utilities in U.S. City Average (CUUR0000SAH2) from Dec 1952 to Aug 2025 about utilities, fuels, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The inflation rates of energy commodity prices in Ireland increased significantly in 2022. Liquid fuels saw the steepest rise, with the inflation rate standing at 126.6 percent in March 2022. Gas also saw an increase during late 2022, with inflation reaching its peak in October 2022 at 93.4 percent. 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. By the middle of 2024, however, the energy commodity prices had decreased compared to the previous year.

The inflation rates of energy commodity prices in Norway have fluctuated considerably since the beginning of 2021. Electricity price inflation peaked at 144.4 percent in November 2021, before dropping again in early 2022. In August of that year, electricity price inflation stood at 22.6 percent. In November 2024, electricity and energy price inflation was negative.

The retail price for electricity in the United States stood at an average of ***** U.S. dollar cents per kilowatt-hour in 2024. This is the highest figure reported in the indicated period. Nevertheless, the U.S. still has one of the lowest electricity prices worldwide. As a major producer of primary energy, energy prices are lower than in countries that are more reliant on imports or impose higher taxes. Regional variations and sector disparities The impact of rising electricity costs across U.S. states is not uniform. Hawaii stands out with the highest household electricity price, reaching a staggering ***** U.S. cents per kilowatt-hour in September 2024. This stark contrast is primarily due to Hawaii's heavy reliance on imported oil for power generation. On the other hand, states like Utah benefit from lower rates, with prices around **** U.S. cents per kilowatt-hour. Regarding U.S. prices by sector, residential customers have borne the brunt of price increases, paying an average of ***** U.S. cents per kilowatt-hour in 2023, significantly more than commercial and industrial sectors. Factors driving price increases Several factors contribute to the upward trend in electricity prices. The integration of renewable energy sources, investments in smart grid technologies, and rising peak demand all play a role. Additionally, the global energy crisis of 2022 and natural disasters affecting power infrastructure have put pressure on the electric utility industry. The close connection between U.S. electricity prices and natural gas markets also influences rates, as domestic prices are affected by higher-paying international markets. Looking ahead, projections suggest a continued increase in electricity prices, with residential rates expected to grow by *** percent in 2024, driven by factors such as increased demand and the ongoing effects of climate change.

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 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.

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.

Liquid fuel price inflation in Poland skyrocketed in 2022, peaking at ***** percent in *********. In **********, consumer price of gas increased the most.

Belgium NBB Forecast: HICP: YoY: Energy Inflation data was reported at -2.500 % in 2026. This records a decrease from the previous number of -0.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Energy Inflation data is updated yearly, averaging 4.050 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 57.900 % in 2022 and a record low of -30.800 % in 2023. Belgium NBB Forecast: HICP: YoY: Energy Inflation data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

The gas price inflation rate in Serbia peaked at 30.8 percent in December 2023. Meanwhile, the energy price inflation has increased since 2021, peaking at 19.4 percent in September 2022. This figure indicates energy prices are almost 50 percent higher than they were the same month in the previous year. In 2024, energy commodities' HICP showed a decreasing trend.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Household Energy in U.S. City Average (CUSR0000SAH21) from Jan 1967 to Aug 2025 about energy, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.

The average wholesale electricity price in September 2025 in the United Kingdom is forecast to amount to*******British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged ***** British pounds per megawatt-hour. Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

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.

Energy Inflation In the Euro Area decreased by 0.40 percent in September from -2 percent in August of 2025. This dataset includes a chart with historical data for Euro Area Energy Inflation.