In general it is a price for EBS storage service. Amazon claims something like this for EBS (section Projecting Costs):
As an example, a medium sized website database might be 100 GB in size
and expect to average 100 I/Os per second over the course of a month.
This would translate to $10 per month in storage costs (100 GB x
$0.10/month), and approximately $26 per month in request costs (~2.6
million seconds/month x 100 I/O per second * $0.10 per million I/O).
If you have a running application on Linux, here is an article how to measure cost for EBS: