Title: Real User Cost Index of MSI-M2 (preferred) Series ID: OCM2P Source: Anderson, Richard G., Jones, Barry E. Release: Monetary Services Index (MSI) (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Percent Date Range: 1967-01-01 to 2013-12-01 Last Updated: 2014-01-17 7:16 AM CST Notes: Preferred benchmark rate equals 100 basis points plus the largest rate in the set of rates. Alternative benchmark rate equals the larger of the preferred benchmark rate and the Baa corporate bond yield. DATE VALUE 1967-01-01 0.0250 1967-02-01 0.0227 1967-03-01 0.0224 1967-04-01 0.0193 1967-05-01 0.0194 1967-06-01 0.0216 1967-07-01 0.0209 1967-08-01 0.0214 1967-09-01 0.0213 1967-10-01 0.0231 1967-11-01 0.0260 1967-12-01 0.0275 1968-01-01 0.0250 1968-02-01 0.0234 1968-03-01 0.0274 1968-04-01 0.0267 1968-05-01 0.0302 1968-06-01 0.0306 1968-07-01 0.0278 1968-08-01 0.0258 1968-09-01 0.0254 1968-10-01 0.0281 1968-11-01 0.0303 1968-12-01 0.0320 1969-01-01 0.0340 1969-02-01 0.0375 1969-03-01 0.0400 1969-04-01 0.0396 1969-05-01 0.0457 1969-06-01 0.0548 1969-07-01 0.0536 1969-08-01 0.0525 1969-09-01 0.0548 1969-10-01 0.0484 1969-11-01 0.0511 1969-12-01 0.0547 1970-01-01 0.0482 1970-02-01 0.0446 1970-03-01 0.0415 1970-04-01 0.0386 1970-05-01 0.0412 1970-06-01 0.0443 1970-07-01 0.0407 1970-08-01 0.0376 1970-09-01 0.0364 1970-10-01 0.0359 1970-11-01 0.0313 1970-12-01 0.0318 1971-01-01 0.0261 1971-02-01 0.0244 1971-03-01 0.0227 1971-04-01 0.0268 1971-05-01 0.0322 1971-06-01 0.0328 1971-07-01 0.0313 1971-08-01 0.0409 1971-09-01 0.0396 1971-10-01 0.0289 1971-11-01 0.0268 1971-12-01 0.0291 1972-01-01 0.0222 1972-02-01 0.0216 1972-03-01 0.0225 1972-04-01 0.0237 1972-05-01 0.0209 1972-06-01 0.0211 1972-07-01 0.0254 1972-08-01 0.0250 1972-09-01 0.0255 1972-10-01 0.0259 1972-11-01 0.0251 1972-12-01 0.0259 1973-01-01 0.0267 1973-02-01 0.0445 1973-03-01 0.0417 1973-04-01 0.0435 1973-05-01 0.0406 1973-06-01 0.0422 1973-07-01 0.0505 1973-08-01 0.0563 1973-09-01 0.0546 1973-10-01 0.0501 1973-11-01 0.0467 1973-12-01 0.0523 1974-01-01 0.0445 1974-02-01 0.0392 1974-03-01 0.0428 1974-04-01 0.0506 1974-05-01 0.0574 1974-06-01 0.0599 1974-07-01 0.0677 1974-08-01 0.0684 1974-09-01 0.0633 1974-10-01 0.0531 1974-11-01 0.0478 1974-12-01 0.0490 1975-01-01 0.0405 1975-02-01 0.0318 1975-03-01 0.0315 1975-04-01 0.0345 1975-05-01 0.0306 1975-06-01 0.0283 1975-07-01 0.0347 1975-08-01 0.0362 1975-09-01 0.0376 1975-10-01 0.0341 1975-11-01 0.0315 1975-12-01 0.0305 1976-01-01 0.0224 1976-02-01 0.0231 1976-03-01 0.0244 1976-04-01 0.0219 1976-05-01 0.0263 1976-06-01 0.0280 1976-07-01 0.0245 1976-08-01 0.0232 1976-09-01 0.0219 1976-10-01 0.0205 1976-11-01 0.0195 1976-12-01 0.0193 1977-01-01 0.0192 1977-02-01 0.0192 1977-03-01 0.0192 1977-04-01 0.0192 1977-05-01 0.0230 1977-06-01 0.0229 1977-07-01 0.0227 1977-08-01 0.0255 1977-09-01 0.0274 1977-10-01 0.0318 1977-11-01 0.0312 1977-12-01 0.0319 1978-01-01 0.0331 1978-02-01 0.0330 1978-03-01 0.0365 1978-04-01 0.0338 1978-05-01 0.0366 1978-06-01 0.0364 1978-07-01 0.0373 1978-08-01 0.0363 1978-09-01 0.0386 1978-10-01 0.0440 1978-11-01 0.0512 1978-12-01 0.0519 1979-01-01 0.0497 1979-02-01 0.0457 1979-03-01 0.0445 1979-04-01 0.0438 1979-05-01 0.0446 1979-06-01 0.0434 1979-07-01 0.0449 1979-08-01 0.0486 1979-09-01 0.0540 1979-10-01 0.0631 1979-11-01 0.0633 1979-12-01 0.0610 1980-01-01 0.0593 1980-02-01 0.0645 1980-03-01 0.0781 1980-04-01 0.0752 1980-05-01 0.0597 1980-06-01 0.0405 1980-07-01 0.0383 1980-08-01 0.0471 1980-09-01 0.0512 1980-10-01 0.0554 1980-11-01 0.0683 1980-12-01 0.0905 1981-01-01 0.0864 1981-02-01 0.0687 1981-03-01 0.0606 1981-04-01 0.0638 1981-05-01 0.0782 1981-06-01 0.0805 1981-07-01 0.0836 1981-08-01 0.0747 1981-09-01 0.0711 1981-10-01 0.0665 1981-11-01 0.0531 1981-12-01 0.0585 1982-01-01 0.0611 1982-02-01 0.0615 1982-03-01 0.0582 1982-04-01 0.0603 1982-05-01 0.0611 1982-06-01 0.0654 1982-07-01 0.0593 1982-08-01 0.0496 1982-09-01 0.0557 1982-10-01 0.0438 1982-11-01 0.0406 1982-12-01 0.0390 1983-01-01 0.0357 1983-02-01 0.0369 1983-03-01 0.0367 1983-04-01 0.0356 1983-05-01 0.0342 1983-06-01 0.0395 1983-07-01 0.0418 1983-08-01 0.0429 1983-09-01 0.0385 1983-10-01 0.0367 1983-11-01 0.0377 1983-12-01 0.0403 1984-01-01 0.0379 1984-02-01 0.0386 1984-03-01 0.0425 1984-04-01 0.0450 1984-05-01 0.0508 1984-06-01 0.0519 1984-07-01 0.0523 1984-08-01 0.0470 1984-09-01 0.0461 1984-10-01 0.0413 1984-11-01 0.0362 1984-12-01 0.0349 1985-01-01 0.0323 1985-02-01 0.0382 1985-03-01 0.0413 1985-04-01 0.0351 1985-05-01 0.0315 1985-06-01 0.0292 1985-07-01 0.0319 1985-08-01 0.0331 1985-09-01 0.0344 1985-10-01 0.0327 1985-11-01 0.0317 1985-12-01 0.0338 1986-01-01 0.0318 1986-02-01 0.0307 1986-03-01 0.0291 1986-04-01 0.0268 1986-05-01 0.0262 1986-06-01 0.0274 1986-07-01 0.0254 1986-08-01 0.0234 1986-09-01 0.0227 1986-10-01 0.0224 1986-11-01 0.0235 1986-12-01 0.0363 1987-01-01 0.0264 1987-02-01 0.0267 1987-03-01 0.0276 1987-04-01 0.0317 1987-05-01 0.0356 1987-06-01 0.0338 1987-07-01 0.0309 1987-08-01 0.0319 1987-09-01 0.0369 1987-10-01 0.0401 1987-11-01 0.0319 1987-12-01 0.0372 1988-01-01 0.0307 1988-02-01 0.0281 1988-03-01 0.0288 1988-04-01 0.0318 1988-05-01 0.0345 1988-06-01 0.0358 1988-07-01 0.0390 1988-08-01 0.0421 1988-09-01 0.0397 1988-10-01 0.0394 1988-11-01 0.0414 1988-12-01 0.0453 1989-01-01 0.0440 1989-02-01 0.0462 1989-03-01 0.0500 1989-04-01 0.0470 1989-05-01 0.0424 1989-06-01 0.0419 1989-07-01 0.0408 1989-08-01 0.0380 1989-09-01 0.0386 1989-10-01 0.0375 1989-11-01 0.0359 1989-12-01 0.0375 1990-01-01 0.0349 1990-02-01 0.0354 1990-03-01 0.0374 1990-04-01 0.0378 1990-05-01 0.0370 1990-06-01 0.0353 1990-07-01 0.0340 1990-08-01 0.0332 1990-09-01 0.0341 1990-10-01 0.0344 1990-11-01 0.0343 1990-12-01 0.0377 1991-01-01 0.0308 1991-02-01 0.0287 1991-03-01 0.0267 1991-04-01 0.0265 1991-05-01 0.0253 1991-06-01 0.0272 1991-07-01 0.0274 1991-08-01 0.0246 1991-09-01 0.0240 1991-10-01 0.0227 1991-11-01 0.0216 1991-12-01 0.0230 1992-01-01 0.0222 1992-02-01 0.0209 1992-03-01 0.0237 1992-04-01 0.0219 1992-05-01 0.0212 1992-06-01 0.0219 1992-07-01 0.0193 1992-08-01 0.0195 1992-09-01 0.0188 1992-10-01 0.0203 1992-11-01 0.0236 1992-12-01 0.0238 1993-01-01 0.0207 1993-02-01 0.0203 1993-03-01 0.0204 1993-04-01 0.0203 1993-05-01 0.0207 1993-06-01 0.0225 1993-07-01 0.0223 1993-08-01 0.0223 1993-09-01 0.0218 1993-10-01 0.0220 1993-11-01 0.0236 1993-12-01 0.0235 1994-01-01 0.0227 1994-02-01 0.0256 1994-03-01 0.0295 1994-04-01 0.0320 1994-05-01 0.0359 1994-06-01 0.0347 1994-07-01 0.0367 1994-08-01 0.0368 1994-09-01 0.0373 1994-10-01 0.0399 1994-11-01 0.0416 1994-12-01 0.0459 1995-01-01 0.0452 1995-02-01 0.0421 1995-03-01 0.0409 1995-04-01 0.0398 1995-05-01 0.0388 1995-06-01 0.0376 1995-07-01 0.0363 1995-08-01 0.0366 1995-09-01 0.0361 1995-10-01 0.0366 1995-11-01 0.0360 1995-12-01 0.0365 1996-01-01 0.0345 1996-02-01 0.0329 1996-03-01 0.0340 1996-04-01 0.0351 1996-05-01 0.0356 1996-06-01 0.0368 1996-07-01 0.0374 1996-08-01 0.0359 1996-09-01 0.0372 1996-10-01 0.0353 1996-11-01 0.0349 1996-12-01 0.0366 1997-01-01 0.0358 1997-02-01 0.0353 1997-03-01 0.0369 1997-04-01 0.0383 1997-05-01 0.0379 1997-06-01 0.0370 1997-07-01 0.0363 1997-08-01 0.0362 1997-09-01 0.0361 1997-10-01 0.0360 1997-11-01 0.0367 1997-12-01 0.0374 1998-01-01 0.0353 1998-02-01 0.0351 1998-03-01 0.0358 1998-04-01 0.0361 1998-05-01 0.0365 1998-06-01 0.0364 1998-07-01 0.0364 1998-08-01 0.0360 1998-09-01 0.0357 1998-10-01 0.0340 1998-11-01 0.0348 1998-12-01 0.0374 1999-01-01 0.0327 1999-02-01 0.0335 1999-03-01 0.0339 1999-04-01 0.0337 1999-05-01 0.0346 1999-06-01 0.0370 1999-07-01 0.0391 1999-08-01 0.0409 1999-09-01 0.0413 1999-10-01 0.0428 1999-11-01 0.0416 1999-12-01 0.0437 2000-01-01 0.0422 2000-02-01 0.0429 2000-03-01 0.0437 2000-04-01 0.0443 2000-05-01 0.0477 2000-06-01 0.0467 2000-07-01 0.0455 2000-08-01 0.0447 2000-09-01 0.0439 2000-10-01 0.0438 2000-11-01 0.0435 2000-12-01 0.0434 2001-01-01 0.0398 2001-02-01 0.0367 2001-03-01 0.0363 2001-04-01 0.0333 2001-05-01 0.0297 2001-06-01 0.0282 2001-07-01 0.0273 2001-08-01 0.0269 2001-09-01 0.0248 2001-10-01 0.0217 2001-11-01 0.0198 2001-12-01 0.0195 2002-01-01 0.0194 2002-02-01 0.0193 2002-03-01 0.0210 2002-04-01 0.0206 2002-05-01 0.0195 2002-06-01 0.0193 2002-07-01 0.0191 2002-08-01 0.0181 2002-09-01 0.0182 2002-10-01 0.0184 2002-11-01 0.0166 2002-12-01 0.0165 2003-01-01 0.0168 2003-02-01 0.0166 2003-03-01 0.0161 2003-04-01 0.0160 2003-05-01 0.0162 2003-06-01 0.0160 2003-07-01 0.0152 2003-08-01 0.0160 2003-09-01 0.0160 2003-10-01 0.0161 2003-11-01 0.0164 2003-12-01 0.0164 2004-01-01 0.0160 2004-02-01 0.0159 2004-03-01 0.0158 2004-04-01 0.0169 2004-05-01 0.0191 2004-06-01 0.0217 2004-07-01 0.0222 2004-08-01 0.0223 2004-09-01 0.0234 2004-10-01 0.0243 2004-11-01 0.0264 2004-12-01 0.0277 2005-01-01 0.0290 2005-02-01 0.0299 2005-03-01 0.0316 2005-04-01 0.0319 2005-05-01 0.0324 2005-06-01 0.0333 2005-07-01 0.0350 2005-08-01 0.0363 2005-09-01 0.0362 2005-10-01 0.0386 2005-11-01 0.0401 2005-12-01 0.0407 2006-01-01 0.0411 2006-02-01 0.0424 2006-03-01 0.0432 2006-04-01 0.0441 2006-05-01 0.0446 2006-06-01 0.0462 2006-07-01 0.0465 2006-08-01 0.0452 2006-09-01 0.0445 2006-10-01 0.0444 2006-11-01 0.0442 2006-12-01 0.0442 2007-01-01 0.0444 2007-02-01 0.0444 2007-03-01 0.0439 2007-04-01 0.0439 2007-05-01 0.0441 2007-06-01 0.0443 2007-07-01 0.0440 2007-08-01 0.0454 2007-09-01 0.0454 2007-10-01 0.0426 2007-11-01 0.0420 2007-12-01 0.0440 2008-01-01 0.0336 2008-02-01 0.0290 2008-03-01 0.0276 2008-04-01 0.0303 2008-05-01 0.0295 2008-06-01 0.0318 2008-07-01 0.0320 2008-08-01 0.0328 2008-09-01 0.0397 2008-10-01 0.0500 2008-11-01 0.0376 2008-12-01 0.0312 2009-01-01 0.0274 2009-02-01 0.0291 2009-03-01 0.0281 2009-04-01 0.0271 2009-05-01 0.0248 2009-06-01 0.0209 2009-07-01 0.0181 2009-08-01 0.0164 2009-09-01 0.0151 2009-10-01 0.0149 2009-11-01 0.0147 2009-12-01 0.0147 2010-01-01 0.0147 2010-02-01 0.0145 2010-03-01 0.0142 2010-04-01 0.0141 2010-05-01 0.0146 2010-06-01 0.0153 2010-07-01 0.0151 2010-08-01 0.0144 2010-09-01 0.0142 2010-10-01 0.0141 2010-11-01 0.0141 2010-12-01 0.0137 2011-01-01 0.0137 2011-02-01 0.0137 2011-03-01 0.0138 2011-04-01 0.0136 2011-05-01 0.0136 2011-06-01 0.0135 2011-07-01 0.0134 2011-08-01 0.0135 2011-09-01 0.0142 2011-10-01 0.0150 2011-11-01 0.0152 2011-12-01 0.0154 2012-01-01 0.0154 2012-02-01 0.0151 2012-03-01 0.0148 2012-04-01 0.0147 2012-05-01 0.0146 2012-06-01 0.0146 2012-07-01 0.0147 2012-08-01 0.0147 2012-09-01 0.0143 2012-10-01 0.0141 2012-11-01 0.0141 2012-12-01 0.0139 2013-01-01 0.0134 2013-02-01 0.0131 2013-03-01 0.0129 2013-04-01 0.0128 2013-05-01 0.0127 2013-06-01 0.0127 2013-07-01 0.0127 2013-08-01 0.0127 2013-09-01 0.0127 2013-10-01 0.0127 2013-11-01 0.0126 2013-12-01 0.0126