Real User Cost Index of MSI-M1 (preferred)
OCM1P • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-8.00%
Date Range
1/1/1967 - 12/1/2013
Summary
The Real User Cost Index of MSI-M1 (preferred) tracks the adjusted cost of monetary services for consumers and businesses. This economic indicator provides insights into the efficiency and expense of financial transactions within the monetary system.
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
This index represents the comprehensive cost of using monetary services, accounting for factors like transaction fees, opportunity costs, and financial service expenses. Economists use it to understand the real economic burden of monetary interactions and financial system complexity.
Methodology
The index is calculated by the Federal Reserve using complex econometric models that analyze transaction costs, financial service expenses, and monetary system efficiency.
Historical Context
Policymakers and financial analysts use this metric to assess monetary system performance and potential areas for reducing financial transaction costs.
Key Facts
- Measures the comprehensive cost of monetary services
- Provides insights into financial system efficiency
- Used by economists to understand transaction expenses
FAQs
Q: What does the OCM1P index specifically measure?
A: The index measures the real user cost of monetary services, including transaction fees and financial service expenses across the monetary system.
Q: How is this index different from other economic indicators?
A: Unlike broad economic measures, this index focuses specifically on the cost and efficiency of monetary transactions and financial services.
Q: Who calculates this index?
A: The Federal Reserve calculates this index using advanced econometric modeling techniques.
Q: Why is this index important for policymakers?
A: It helps policymakers understand the economic burden of financial transactions and identify potential areas for improving monetary system efficiency.
Q: How often is this index updated?
A: The frequency of updates varies, but typically the Federal Reserve updates such indicators periodically to reflect current economic conditions.
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Related Trends
Citation
U.S. Federal Reserve, Real User Cost Index of MSI-M1 (preferred) [OCM1P], retrieved from FRED.
Last Checked: 8/1/2025