Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Switzerland
Quarterly
CHECPGRLH01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.74
Year-over-Year Change
3.08%
Date Range
1/1/1983 - 10/1/2023
Summary
The Quarterly Percent Change in Owner's Equivalent Rent of Residences index measures the change in the cost of equivalent rent for owner-occupied housing over the previous quarter. This key inflation indicator tracks shifts in the 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 Owner's Equivalent Rent of Residences index is a component of the Consumer Price Index, one of the primary measures of inflation in the United States. It represents the imputed rental value that homeowners would pay to rent their own homes, providing insight into housing costs.
Methodology
The Bureau of Labor Statistics collects data through surveys to calculate this seasonally adjusted quarterly percent change.
Historical Context
This metric is closely watched by the Federal Reserve and other policymakers to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The index has a base year of 1982-1984 = 100.
- Quarterly percent changes averaged 0.6% from 1982 to 2022.
- Owner's equivalent rent makes up about 24% of the Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Percent Change in Owner's Equivalent Rent of Residences index measures the change in the imputed rental value of owner-occupied housing over the previous quarter.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing costs, a key component of inflation, and is closely watched by policymakers to assess price pressures in the economy.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects data through surveys to calculate this seasonally adjusted quarterly percent change.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this index to evaluate inflationary conditions and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of about one month.
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Citation
U.S. Federal Reserve, Quarterly Percent Change in Owner's Equivalent Rent of Residences (CHECPGRLH01IXOBQ), retrieved from FRED.