Consumer Price Index: Rent, Repairs, and Maintenance for Luxembourg
Annual
CPSEHO05LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.85
Year-over-Year Change
26.83%
Date Range
1/1/1995 - 1/1/2017
Summary
The Annual trend measures the annual rate of change in owner's equivalent rent of primary residence in the United States. This metric is a key indicator of housing costs and inflation pressure.
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
Owner's equivalent rent of primary residence is an estimate of the amount a homeowner would pay to rent their home in a competitive market. This series is used by economists and policymakers to assess changes in housing costs and their impact on the overall cost of living.
Methodology
The data is collected through surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Changes in owner's equivalent rent are closely monitored by the Federal Reserve as a component of the Consumer Price Index (CPI), which informs monetary policy decisions.
Key Facts
- Owner's equivalent rent accounts for about 24% of the Consumer Price Index.
- The annual rate of change in owner's equivalent rent averaged 3.1% from 2010-2020.
- Owner's equivalent rent is a key input for the Federal Reserve's inflation targeting.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the cost of owner's equivalent rent of primary residence, a key component of the Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: Changes in owner's equivalent rent are closely watched by economists and policymakers as an indicator of housing costs and overall inflation pressure in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve monitors changes in owner's equivalent rent as part of its mandate to maintain stable prices, as it is a key component of the Consumer Price Index.
Q: Are there update delays or limitations?
A: The owner's equivalent rent data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual (CPSEHO05LUA661N), retrieved from FRED.