Consumer Price Index: Services Less Housing National Definition for Austria
Monthly
CPSELR02ATM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.80
Year-over-Year Change
1.74%
Date Range
1/1/1966 - 5/1/2018
Summary
The Monthly trend measures the percent change in consumer prices for selected rental services in the United States. This data is a key indicator of inflation and consumer purchasing power.
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 Monthly trend tracks the month-over-month percent change in the Consumer Price Index (CPI) specifically for rents, including both actual rents paid and the rental equivalent value of owner-occupied housing. This helps economists and policymakers assess underlying price pressures and cost-of-living dynamics.
Methodology
The data is collected through surveys of consumer expenditures by the U.S. Bureau of Labor Statistics.
Historical Context
Rental prices are a major component of the overall CPI, so this metric provides important context for the Federal Reserve's monetary policy decisions.
Key Facts
- Rental prices account for over 30% of the overall CPI basket.
- Rental inflation has outpaced overall inflation in recent years.
- The Fed closely monitors rental data as a leading indicator of broader price trends.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend tracks the percent change in consumer prices specifically for rental housing services, both actual rents paid and the rental equivalent of owner-occupied housing.
Q: Why is this trend relevant for users or analysts?
A: Rental prices are a major component of the overall CPI, so this metric provides important insights into underlying inflationary pressures and cost-of-living dynamics for consumers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of consumer expenditures by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors rental inflation data as a leading indicator when making monetary policy decisions to maintain price stability and support maximum employment.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately two weeks after the reference period.
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Citation
U.S. Federal Reserve, Monthly (CPSELR02ATM661N), retrieved from FRED.