Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Canada
CANCP030000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-79.85%
Date Range
1/1/2016 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Canada measures the change in prices paid by Canadian consumers for a basket of clothing and footwear items over time. It is a key indicator of inflationary pressures in the Canadian retail 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 in Canada is part of the broader Consumer Price Index, which tracks the overall cost of living for Canadian households. This specific index focuses on the prices of apparel, accessories, and footwear purchased by consumers, providing insights into inflationary trends within the Canadian fashion and retail industry.
Methodology
The data is collected through surveys of Canadian retailers and compiled by Statistics Canada.
Historical Context
The CPI for Clothing and Footwear is used by policymakers, economists, and market analysts to assess consumer spending patterns and inflationary pressures in the Canadian economy.
Key Facts
- The CPI for Clothing and Footwear is a component of the overall Canadian Consumer Price Index.
- Clothing and footwear account for approximately 5% of the total Canadian consumer basket.
- The index is published monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Canada measures the change in prices paid by Canadian consumers for a basket of clothing and footwear items over time.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Clothing and Footwear is a key indicator of inflationary pressures in the Canadian retail sector, providing insights into consumer spending patterns and price changes for apparel and footwear.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian retailers and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: The CPI for Clothing and Footwear is used by policymakers, economists, and market analysts to assess consumer spending patterns and inflationary pressures in the Canadian economy.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Canada, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Canada (CANCP030000GYQ), retrieved from FRED.