Financial Market: Real Effective Exchange Rates: CPI Based for India
Monthly
CCRETT01INM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.23
Year-over-Year Change
-4.87%
Date Range
1/1/1970 - 6/1/2025
Summary
The Monthly Consumer Credit Revolving Credit report measures changes in total outstanding consumer revolving credit, which includes credit card debt and other forms of revolving credit. This trend is closely watched by economists and policymakers as an indicator of consumer spending and confidence.
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 Consumer Credit Revolving Credit report provides data on the total dollar amount of outstanding consumer revolving credit from banks, finance companies, and other lenders. It is used to analyze consumer demand, debt levels, and credit availability as inputs for economic and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from a sample of lending institutions.
Historical Context
Policymakers monitor this trend to assess the health of consumer finances and the overall economy.
Key Facts
- Revolving credit reached a record high of $1.1 trillion in 2022.
- Consumer credit grew at an annualized rate of 7.9% in the third quarter of 2022.
- Revolving credit accounts for about a third of total consumer credit outstanding.
FAQs
Q: What does this economic trend measure?
A: The Monthly Consumer Credit Revolving Credit report measures changes in the total dollar amount of outstanding consumer revolving credit, which includes credit card debt and other forms of revolving credit.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists and policymakers as an indicator of consumer spending and confidence, which are important factors in assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from a sample of lending institutions.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the health of consumer finances and the overall economy, which informs decisions on monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The Monthly Consumer Credit Revolving Credit report is released by the Federal Reserve with a typical delay of 1-2 months, and the data may be subject to revisions.
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Citation
U.S. Federal Reserve, Monthly Consumer Credit Revolving Credit (CCRETT01INM661N), retrieved from FRED.