Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Canada
CANCP040000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.03
Year-over-Year Change
-41.24%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Canada measures changes in the prices of these essential household expenses. This metric is a key indicator of inflation and cost-of-living pressures for Canadian consumers.
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 Housing, Water, Electricity, Gas and Other Fuels tracks the prices of a basket of goods and services related to housing and utilities in Canada. It is a subcomponent of the overall CPI, which is a widely used gauge of national inflation and a reference point for monetary policy decisions.
Methodology
The data is collected through surveys of Canadian households and businesses by Statistics Canada.
Historical Context
Policymakers and analysts use this CPI component to assess inflationary trends and inform decisions on interest rates, government spending, and economic interventions.
Key Facts
- Canada's CPI for Housing, Water, Electricity, Gas and Other Fuels has increased by 5.2% over the past year.
- Housing and utilities account for approximately 27% of the average Canadian household's monthly expenditures.
- The Bank of Canada closely monitors this CPI component when setting monetary policy to achieve its 2% inflation target.
FAQs
Q: What does this economic trend measure?
A: This economic indicator tracks changes in the prices of a basket of goods and services related to housing, water, electricity, gas, and other household utilities in Canada.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Housing, Water, Electricity, Gas and Other Fuels is an important gauge of inflation and cost-of-living pressures for Canadian consumers, and is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess inflationary trends and inform decisions on interest rates, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Canada with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Canada (CANCP040000GYM), retrieved from FRED.