Other Prices: Cost of Construction: Residential: Total for Denmark
Annual
OPCNRE01DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.29
Year-over-Year Change
46.33%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual trend measures the annual change in the price index for owner-occupied rent in the United States. This metric is closely watched by economists and policymakers as a key indicator of inflationary pressures and housing affordability.
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 Annual trend tracks the year-over-year percentage change in the owner's equivalent rent of primary residence component of the Consumer Price Index (CPI). This provides insight into the cost of housing for homeowners and the broader cost of living.
Methodology
The data is collected through surveys of consumers by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual trend is an important input for the Federal Reserve's monetary policy decisions.
Key Facts
- The Annual trend reached a high of 4.8% in 2022.
- Owner's equivalent rent accounts for over 20% of the CPI.
- Rapid increases in the Annual trend can prompt interest rate hikes.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the price index for owner-occupied rent in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a key indicator of housing costs and broader inflationary pressures, making it highly relevant for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual trend is an important input for the Federal Reserve's monetary policy decisions, as it provides insight into housing affordability and the overall cost of living.
Q: Are there update delays or limitations?
A: The Annual trend data is released monthly with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Annual (OPCNRE01DKA661N), retrieved from FRED.