Title: Real User Cost Index of MSI-MZM (preferred) Series ID: OCMZMP 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 0.0254 1967-02-01 0.0232 1967-03-01 0.0229 1967-04-01 0.0199 1967-05-01 0.0200 1967-06-01 0.0222 1967-07-01 0.0215 1967-08-01 0.0220 1967-09-01 0.0219 1967-10-01 0.0236 1967-11-01 0.0263 1967-12-01 0.0278 1968-01-01 0.0254 1968-02-01 0.0240 1968-03-01 0.0277 1968-04-01 0.0270 1968-05-01 0.0303 1968-06-01 0.0307 1968-07-01 0.0280 1968-08-01 0.0262 1968-09-01 0.0258 1968-10-01 0.0283 1968-11-01 0.0303 1968-12-01 0.0319 1969-01-01 0.0337 1969-02-01 0.0369 1969-03-01 0.0392 1969-04-01 0.0388 1969-05-01 0.0444 1969-06-01 0.0526 1969-07-01 0.0516 1969-08-01 0.0506 1969-09-01 0.0526 1969-10-01 0.0469 1969-11-01 0.0493 1969-12-01 0.0526 1970-01-01 0.0467 1970-02-01 0.0433 1970-03-01 0.0405 1970-04-01 0.0379 1970-05-01 0.0401 1970-06-01 0.0430 1970-07-01 0.0397 1970-08-01 0.0369 1970-09-01 0.0359 1970-10-01 0.0355 1970-11-01 0.0314 1970-12-01 0.0318 1971-01-01 0.0267 1971-02-01 0.0252 1971-03-01 0.0237 1971-04-01 0.0273 1971-05-01 0.0321 1971-06-01 0.0326 1971-07-01 0.0313 1971-08-01 0.0398 1971-09-01 0.0387 1971-10-01 0.0293 1971-11-01 0.0273 1971-12-01 0.0293 1972-01-01 0.0232 1972-02-01 0.0227 1972-03-01 0.0236 1972-04-01 0.0246 1972-05-01 0.0222 1972-06-01 0.0224 1972-07-01 0.0262 1972-08-01 0.0259 1972-09-01 0.0262 1972-10-01 0.0266 1972-11-01 0.0259 1972-12-01 0.0266 1973-01-01 0.0273 1973-02-01 0.0426 1973-03-01 0.0402 1973-04-01 0.0417 1973-05-01 0.0392 1973-06-01 0.0406 1973-07-01 0.0482 1973-08-01 0.0532 1973-09-01 0.0517 1973-10-01 0.0479 1973-11-01 0.0450 1973-12-01 0.0498 1974-01-01 0.0432 1974-02-01 0.0386 1974-03-01 0.0417 1974-04-01 0.0483 1974-05-01 0.0541 1974-06-01 0.0562 1974-07-01 0.0629 1974-08-01 0.0635 1974-09-01 0.0591 1974-10-01 0.0504 1974-11-01 0.0459 1974-12-01 0.0470 1975-01-01 0.0397 1975-02-01 0.0324 1975-03-01 0.0321 1975-04-01 0.0346 1975-05-01 0.0313 1975-06-01 0.0293 1975-07-01 0.0348 1975-08-01 0.0360 1975-09-01 0.0372 1975-10-01 0.0342 1975-11-01 0.0320 1975-12-01 0.0312 1976-01-01 0.0243 1976-02-01 0.0249 1976-03-01 0.0260 1976-04-01 0.0239 1976-05-01 0.0276 1976-06-01 0.0291 1976-07-01 0.0260 1976-08-01 0.0250 1976-09-01 0.0239 1976-10-01 0.0227 1976-11-01 0.0218 1976-12-01 0.0215 1977-01-01 0.0215 1977-02-01 0.0214 1977-03-01 0.0214 1977-04-01 0.0215 1977-05-01 0.0247 1977-06-01 0.0247 1977-07-01 0.0245 1977-08-01 0.0269 1977-09-01 0.0285 1977-10-01 0.0322 1977-11-01 0.0317 1977-12-01 0.0323 1978-01-01 0.0332 1978-02-01 0.0332 1978-03-01 0.0361 1978-04-01 0.0338 1978-05-01 0.0362 1978-06-01 0.0395 1978-07-01 0.0408 1978-08-01 0.0397 1978-09-01 0.0426 1978-10-01 0.0484 1978-11-01 0.0556 1978-12-01 0.0566 1979-01-01 0.0551 1979-02-01 0.0515 1979-03-01 0.0507 1979-04-01 0.0500 1979-05-01 0.0507 1979-06-01 0.0490 1979-07-01 0.0499 1979-08-01 0.0533 1979-09-01 0.0589 1979-10-01 0.0685 1979-11-01 0.0702 1979-12-01 0.0678 1980-01-01 0.0668 1980-02-01 0.0720 1980-03-01 0.0876 1980-04-01 0.0826 1980-05-01 0.0609 1980-06-01 0.0435 1980-07-01 0.0434 1980-08-01 0.0529 1980-09-01 0.0591 1980-10-01 0.0642 1980-11-01 0.0782 1980-12-01 0.0972 1981-01-01 0.0916 1981-02-01 0.0795 1981-03-01 0.0711 1981-04-01 0.0747 1981-05-01 0.0896 1981-06-01 0.0876 1981-07-01 0.0909 1981-08-01 0.0869 1981-09-01 0.0833 1981-10-01 0.0772 1981-11-01 0.0642 1981-12-01 0.0662 1982-01-01 0.0720 1982-02-01 0.0753 1982-03-01 0.0700 1982-04-01 0.0711 1982-05-01 0.0706 1982-06-01 0.0741 1982-07-01 0.0704 1982-08-01 0.0587 1982-09-01 0.0611 1982-10-01 0.0499 1982-11-01 0.0465 1982-12-01 0.0453 1983-01-01 0.0419 1983-02-01 0.0438 1983-03-01 0.0437 1983-04-01 0.0431 1983-05-01 0.0413 1983-06-01 0.0472 1983-07-01 0.0501 1983-08-01 0.0516 1983-09-01 0.0470 1983-10-01 0.0458 1983-11-01 0.0464 1983-12-01 0.0487 1984-01-01 0.0463 1984-02-01 0.0472 1984-03-01 0.0513 1984-04-01 0.0538 1984-05-01 0.0601 1984-06-01 0.0613 1984-07-01 0.0625 1984-08-01 0.0581 1984-09-01 0.0567 1984-10-01 0.0513 1984-11-01 0.0450 1984-12-01 0.0425 1985-01-01 0.0397 1985-02-01 0.0455 1985-03-01 0.0490 1985-04-01 0.0426 1985-05-01 0.0385 1985-06-01 0.0354 1985-07-01 0.0378 1985-08-01 0.0390 1985-09-01 0.0402 1985-10-01 0.0389 1985-11-01 0.0379 1985-12-01 0.0396 1986-01-01 0.0378 1986-02-01 0.0368 1986-03-01 0.0346 1986-04-01 0.0316 1986-05-01 0.0311 1986-06-01 0.0323 1986-07-01 0.0299 1986-08-01 0.0276 1986-09-01 0.0269 1986-10-01 0.0264 1986-11-01 0.0275 1986-12-01 0.0397 1987-01-01 0.0301 1987-02-01 0.0306 1987-03-01 0.0315 1987-04-01 0.0357 1987-05-01 0.0404 1987-06-01 0.0388 1987-07-01 0.0362 1987-08-01 0.0373 1987-09-01 0.0429 1987-10-01 0.0463 1987-11-01 0.0382 1987-12-01 0.0432 1988-01-01 0.0369 1988-02-01 0.0340 1988-03-01 0.0346 1988-04-01 0.0374 1988-05-01 0.0406 1988-06-01 0.0417 1988-07-01 0.0451 1988-08-01 0.0486 1988-09-01 0.0465 1988-10-01 0.0464 1988-11-01 0.0489 1988-12-01 0.0527 1989-01-01 0.0517 1989-02-01 0.0542 1989-03-01 0.0587 1989-04-01 0.0562 1989-05-01 0.0516 1989-06-01 0.0506 1989-07-01 0.0488 1989-08-01 0.0460 1989-09-01 0.0465 1989-10-01 0.0454 1989-11-01 0.0437 1989-12-01 0.0450 1990-01-01 0.0425 1990-02-01 0.0432 1990-03-01 0.0450 1990-04-01 0.0455 1990-05-01 0.0449 1990-06-01 0.0433 1990-07-01 0.0419 1990-08-01 0.0410 1990-09-01 0.0417 1990-10-01 0.0418 1990-11-01 0.0414 1990-12-01 0.0442 1991-01-01 0.0370 1991-02-01 0.0345 1991-03-01 0.0323 1991-04-01 0.0319 1991-05-01 0.0304 1991-06-01 0.0322 1991-07-01 0.0322 1991-08-01 0.0290 1991-09-01 0.0280 1991-10-01 0.0266 1991-11-01 0.0251 1991-12-01 0.0259 1992-01-01 0.0248 1992-02-01 0.0238 1992-03-01 0.0269 1992-04-01 0.0251 1992-05-01 0.0244 1992-06-01 0.0252 1992-07-01 0.0222 1992-08-01 0.0224 1992-09-01 0.0215 1992-10-01 0.0230 1992-11-01 0.0266 1992-12-01 0.0268 1993-01-01 0.0235 1993-02-01 0.0232 1993-03-01 0.0233 1993-04-01 0.0232 1993-05-01 0.0236 1993-06-01 0.0255 1993-07-01 0.0252 1993-08-01 0.0252 1993-09-01 0.0246 1993-10-01 0.0249 1993-11-01 0.0266 1993-12-01 0.0264 1994-01-01 0.0256 1994-02-01 0.0287 1994-03-01 0.0329 1994-04-01 0.0356 1994-05-01 0.0399 1994-06-01 0.0386 1994-07-01 0.0408 1994-08-01 0.0410 1994-09-01 0.0416 1994-10-01 0.0446 1994-11-01 0.0467 1994-12-01 0.0513 1995-01-01 0.0509 1995-02-01 0.0479 1995-03-01 0.0467 1995-04-01 0.0457 1995-05-01 0.0447 1995-06-01 0.0432 1995-07-01 0.0418 1995-08-01 0.0423 1995-09-01 0.0417 1995-10-01 0.0422 1995-11-01 0.0415 1995-12-01 0.0420 1996-01-01 0.0399 1996-02-01 0.0381 1996-03-01 0.0394 1996-04-01 0.0406 1996-05-01 0.0412 1996-06-01 0.0426 1996-07-01 0.0434 1996-08-01 0.0419 1996-09-01 0.0434 1996-10-01 0.0414 1996-11-01 0.0409 1996-12-01 0.0426 1997-01-01 0.0418 1997-02-01 0.0413 1997-03-01 0.0431 1997-04-01 0.0446 1997-05-01 0.0442 1997-06-01 0.0432 1997-07-01 0.0424 1997-08-01 0.0422 1997-09-01 0.0422 1997-10-01 0.0420 1997-11-01 0.0428 1997-12-01 0.0435 1998-01-01 0.0411 1998-02-01 0.0409 1998-03-01 0.0415 1998-04-01 0.0418 1998-05-01 0.0423 1998-06-01 0.0421 1998-07-01 0.0421 1998-08-01 0.0417 1998-09-01 0.0413 1998-10-01 0.0393 1998-11-01 0.0400 1998-12-01 0.0430 1999-01-01 0.0378 1999-02-01 0.0388 1999-03-01 0.0393 1999-04-01 0.0392 1999-05-01 0.0403 1999-06-01 0.0430 1999-07-01 0.0453 1999-08-01 0.0473 1999-09-01 0.0477 1999-10-01 0.0495 1999-11-01 0.0480 1999-12-01 0.0505 2000-01-01 0.0488 2000-02-01 0.0496 2000-03-01 0.0505 2000-04-01 0.0510 2000-05-01 0.0550 2000-06-01 0.0537 2000-07-01 0.0522 2000-08-01 0.0511 2000-09-01 0.0503 2000-10-01 0.0503 2000-11-01 0.0499 2000-12-01 0.0497 2001-01-01 0.0451 2001-02-01 0.0418 2001-03-01 0.0415 2001-04-01 0.0382 2001-05-01 0.0343 2001-06-01 0.0329 2001-07-01 0.0322 2001-08-01 0.0318 2001-09-01 0.0294 2001-10-01 0.0255 2001-11-01 0.0235 2001-12-01 0.0236 2002-01-01 0.0236 2002-02-01 0.0236 2002-03-01 0.0258 2002-04-01 0.0253 2002-05-01 0.0241 2002-06-01 0.0238 2002-07-01 0.0235 2002-08-01 0.0222 2002-09-01 0.0223 2002-10-01 0.0224 2002-11-01 0.0204 2002-12-01 0.0203 2003-01-01 0.0208 2003-02-01 0.0206 2003-03-01 0.0199 2003-04-01 0.0198 2003-05-01 0.0200 2003-06-01 0.0197 2003-07-01 0.0189 2003-08-01 0.0199 2003-09-01 0.0199 2003-10-01 0.0201 2003-11-01 0.0204 2003-12-01 0.0204 2004-01-01 0.0199 2004-02-01 0.0198 2004-03-01 0.0197 2004-04-01 0.0210 2004-05-01 0.0239 2004-06-01 0.0270 2004-07-01 0.0275 2004-08-01 0.0274 2004-09-01 0.0285 2004-10-01 0.0295 2004-11-01 0.0320 2004-12-01 0.0335 2005-01-01 0.0351 2005-02-01 0.0360 2005-03-01 0.0380 2005-04-01 0.0383 2005-05-01 0.0387 2005-06-01 0.0396 2005-07-01 0.0416 2005-08-01 0.0429 2005-09-01 0.0426 2005-10-01 0.0453 2005-11-01 0.0469 2005-12-01 0.0474 2006-01-01 0.0477 2006-02-01 0.0491 2006-03-01 0.0501 2006-04-01 0.0510 2006-05-01 0.0515 2006-06-01 0.0533 2006-07-01 0.0535 2006-08-01 0.0520 2006-09-01 0.0512 2006-10-01 0.0510 2006-11-01 0.0508 2006-12-01 0.0506 2007-01-01 0.0510 2007-02-01 0.0510 2007-03-01 0.0504 2007-04-01 0.0505 2007-05-01 0.0507 2007-06-01 0.0509 2007-07-01 0.0506 2007-08-01 0.0525 2007-09-01 0.0525 2007-10-01 0.0492 2007-11-01 0.0488 2007-12-01 0.0519 2008-01-01 0.0388 2008-02-01 0.0337 2008-03-01 0.0327 2008-04-01 0.0368 2008-05-01 0.0366 2008-06-01 0.0396 2008-07-01 0.0401 2008-08-01 0.0412 2008-09-01 0.0507 2008-10-01 0.0656 2008-11-01 0.0500 2008-12-01 0.0418 2009-01-01 0.0368 2009-02-01 0.0393 2009-03-01 0.0382 2009-04-01 0.0370 2009-05-01 0.0340 2009-06-01 0.0288 2009-07-01 0.0251 2009-08-01 0.0229 2009-09-01 0.0210 2009-10-01 0.0206 2009-11-01 0.0203 2009-12-01 0.0203 2010-01-01 0.0202 2010-02-01 0.0199 2010-03-01 0.0195 2010-04-01 0.0193 2010-05-01 0.0200 2010-06-01 0.0209 2010-07-01 0.0205 2010-08-01 0.0196 2010-09-01 0.0192 2010-10-01 0.0191 2010-11-01 0.0192 2010-12-01 0.0187 2011-01-01 0.0185 2011-02-01 0.0187 2011-03-01 0.0187 2011-04-01 0.0185 2011-05-01 0.0184 2011-06-01 0.0183 2011-07-01 0.0181 2011-08-01 0.0183 2011-09-01 0.0193 2011-10-01 0.0204 2011-11-01 0.0205 2011-12-01 0.0208 2012-01-01 0.0209 2012-02-01 0.0204 2012-03-01 0.0199 2012-04-01 0.0199 2012-05-01 0.0197 2012-06-01 0.0197 2012-07-01 0.0198 2012-08-01 0.0198 2012-09-01 0.0193 2012-10-01 0.0190 2012-11-01 0.0190 2012-12-01 0.0187 2013-01-01 0.0181 2013-02-01 0.0176 2013-03-01 0.0174 2013-04-01 0.0173 2013-05-01 0.0172 2013-06-01 0.0172 2013-07-01 0.0172 2013-08-01 0.0172 2013-09-01 0.0172 2013-10-01 0.0171 2013-11-01 0.0170 2013-12-01 0.0170