Production: Manufacturing: Consumer Goods: Total for Finland
Quarterly, Not Seasonally Adjusted
PRMNCG01FIQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.93
Year-over-Year Change
-1.88%
Date Range
1/1/1960 - 7/1/2023
Summary
This series measures the quarterly, not seasonally adjusted Personal Rent, which is a key component of the Consumer Price Index (CPI) and a critical indicator of housing costs and 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 Personal Rent metric tracks the changes in rental prices paid by consumers, providing valuable insights into broader housing market trends and the cost of living. Economists and policymakers closely monitor this data to understand inflationary pressures and make informed decisions.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This rental price index is widely used to inform Federal Reserve monetary policy and consumer price inflation analysis.
Key Facts
- Personal rent accounts for over 7% of the CPI basket.
- Rental costs have risen by over 5% annually in recent years.
- The rent index is a key driver of the Federal Reserve's interest rate decisions.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, not seasonally adjusted changes in rental prices paid by consumers, a critical component of the Consumer Price Index (CPI).
Q: Why is this trend relevant for users or analysts?
A: Rental costs are a major driver of inflation and the cost of living, making this metric crucial for economists, policymakers, and consumers to monitor housing market conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The personal rent index is widely used to inform Federal Reserve monetary policy and consumer price inflation analysis, as rental costs are a key component of the CPI.
Q: Are there update delays or limitations?
A: The personal rent data is published on a quarterly basis, with some lag from the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (PRMNCG01FIQ661N), retrieved from FRED.