Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Canada
CANCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Canada measures changes in the retail prices of apparel, footwear, and related products. This key economic indicator helps track consumer spending and inflationary pressures in the clothing and footwear sector.
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 CPI for Clothing and Footwear is a subcomponent of the overall Consumer Price Index for Canada. It provides detailed insight into price trends for a crucial component of consumer expenditure. Economists and policymakers use this data to assess the state of the Canadian economy and guide fiscal and monetary policy decisions.
Methodology
The data is collected through surveys of retail establishments and compiled by Statistics Canada.
Historical Context
The CPI for Clothing and Footwear is a vital input for the Bank of Canada's monetary policy decisions and helps inform consumer confidence assessments.
Key Facts
- The CPI for Clothing and Footwear accounts for around 5% of the total Canadian CPI basket.
- Clothing and footwear prices typically exhibit seasonal fluctuations.
- The CPI for Clothing and Footwear has seen moderate inflation of around 2% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: The CPI for Clothing and Footwear measures changes in the retail prices of apparel, footwear, and related products in Canada.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for tracking consumer spending and inflationary pressures in the clothing and footwear sector, which is an important component of the overall Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: The CPI for Clothing and Footwear is a vital input for the Bank of Canada's monetary policy decisions and helps inform consumer confidence assessments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Canada (CANCP030000GYM), retrieved from FRED.