Production: Energy: Total for Russia
Quarterly
RUSPRENTO01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.19
Year-over-Year Change
3.39%
Date Range
1/1/1999 - 10/1/2021
Summary
This economic series measures the quarterly U.S. producer price index for residential rents, a key indicator of inflation 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 producer price index for residential rents tracks changes in the cost of rental housing, providing insight into overall price trends for property owners and renters. This data is closely monitored by economists and policymakers to assess the state of the housing sector.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of property managers and landlords.
Historical Context
Rent prices are a significant factor in the overall consumer price index, making this series relevant for monetary policy decisions.
Key Facts
- The producer price index for residential rents has risen by over 30% since 2015.
- Rent prices account for nearly one-third of the overall consumer price index.
- Rental housing is a significant component of household budgets, especially for lower-income families.
FAQs
Q: What does this economic trend measure?
A: This series tracks quarterly changes in the producer price index for rental housing in the United States. It provides a measure of inflation specifically in the rental market.
Q: Why is this trend relevant for users or analysts?
A: Rent prices are a critical component of overall consumer inflation, making this data highly relevant for economists, policymakers, and market analysts assessing housing affordability and the broader state of the economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of property managers and landlords, calculating a producer price index to track changes in rental housing costs.
Q: How is this trend used in economic policy?
A: The producer price index for residential rents is closely monitored by the Federal Reserve and other policymakers as they make decisions about interest rates and other measures to manage inflation and support a healthy housing market.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Bureau of Labor Statistics, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly Producer Price Index for Residential Rents (RUSPRENTO01IXOBQ), retrieved from FRED.