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Quarterly
CRIIRSTLQ01STQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.60
Year-over-Year Change
820.47%
Date Range
1/1/1998 - 7/1/2023
Summary
The Quarterly Consumer Rent Index measures changes in residential rental prices over time, providing insights into the rental housing market.
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 Quarterly Consumer Rent Index is a key indicator of housing costs and affordability. It tracks rent price changes for a consistent sample of rental units, enabling economists to analyze trends in the rental market.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics using survey data on a representative sample of rental properties.
Historical Context
Policymakers and analysts use this index to understand housing market dynamics and the impact of rent prices on consumer spending and inflation.
Key Facts
- The index has a base period of 1982-1984=100.
- Rental prices have risen over 50% since the early 2000s.
- The index is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Rent Index measures changes in residential rental prices over time, providing insights into the rental housing market.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of housing costs and affordability, enabling economists and policymakers to analyze trends in the rental market.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics using survey data on a representative sample of rental properties.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to understand housing market dynamics and the impact of rent prices on consumer spending and inflation.
Q: Are there update delays or limitations?
A: The index is released quarterly by the Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Quarterly Consumer Rent Index (CRIIRSTLQ01STQ), retrieved from FRED.