Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Colorado
Annual, Not Seasonally Adjusted
CORERENTLEAQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.57
Year-over-Year Change
54.15%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures changes in the Consumer Price Index (CPI) for rent of primary residence in the United States. It is a key 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
This index tracks the prices consumers pay for the rental of their primary residence, without adjusting for seasonal variations. It is an important metric for understanding real estate costs and broader inflation trends in the economy.
Methodology
The data is collected through consumer surveys and price observations by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists closely monitor rent inflation to inform monetary and fiscal policies.
Key Facts
- Rent accounts for nearly one-third of the average household's expenses.
- Rent inflation has outpaced overall inflation in recent years.
- Rising rents can strain household budgets and contribute to cost-of-living pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures changes in the Consumer Price Index (CPI) for rent of primary residence in the United States.
Q: Why is this trend relevant for users or analysts?
A: Rent inflation is a key indicator of housing costs and broader price pressures in the economy, making this trend highly relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and price observations by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor rent inflation to inform monetary and fiscal policies that aim to maintain stable prices and support affordable housing.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and it does not adjust for seasonal variations in rental prices.
Related Trends
Coefficient for Transportation Carbon Dioxide Emissions, Lubricants for Colorado
EMISSCO2CLUACBCOA
Gross Domestic Product: Finance and Insurance (52) in Colorado
COFININSNGSP
Gross Domestic Product: Government and Government Enterprises (92) in Colorado
COGOVNQGSP
All Employees: Business Support Services in Colorado
SMU08000006056140001A
Real Gross Domestic Product: Construction (23) in Colorado
COCONSTRQGSP
Value of Exports to Switzerland from Colorado
COCHEA052SCEN
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (CORERENTLEAQGSP), retrieved from FRED.