Index 2010=1, Monthly
CPGRLE01OEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
2.15%
Date Range
1/1/1970 - 10/1/2017
Summary
The Index 2010=1, Monthly trend measures the Consumer Price Index for Rent of Primary Residence in the United States. This widely-tracked metric provides insights into changes in housing rental costs over time, which is a key component of consumer inflation.
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 Index 2010=1, Monthly represents the Consumer Price Index (CPI) for the Rent of Primary Residence, seasonally adjusted. This index is used to track changes in the cost of renting a home, a significant portion of household expenditures, and is a crucial input for policymakers and economists monitoring inflation.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of landlords and tenants.
Historical Context
The Index 2010=1, Monthly is utilized by the Federal Reserve and other economic analysts to assess inflationary pressures and make informed policy decisions.
Key Facts
- The base year for the index is 2010.
- Rent of Primary Residence accounts for about 7.6% of the overall CPI.
- The index has shown steady increases over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Monthly measures changes in the cost of renting a primary residence in the United States, as tracked by the Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: The rent index is a crucial indicator of housing affordability and a key component of overall consumer inflation, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of landlords and tenants.
Q: How is this trend used in economic policy?
A: The Index 2010=1, Monthly is utilized by the Federal Reserve and other economic analysts to assess inflationary pressures and make informed policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index 2010=1, Monthly (CPGRLE01OEM661N), retrieved from FRED.