Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Canada
Index source base, Quarterly
CANCP040000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.10
Year-over-Year Change
18.12%
Date Range
1/1/2015 - 7/1/2023
Summary
The Index Source Base, Quarterly metric tracks the quarterly changes in the base source data used to calculate Canada's Consumer Price Index (CPI). It provides insight into the underlying data that informs the overall CPI.
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 Index Source Base, Quarterly is a supplementary indicator published by Statistics Canada to provide transparency into the data sources and calculation methodology behind the country's consumer price inflation measure. It is an important metric for economists and policymakers to understand the stability and reliability of the CPI data.
Methodology
The data is calculated and published quarterly by Statistics Canada based on the agency's internal data collection and compilation processes.
Historical Context
The Index Source Base, Quarterly is used by the Bank of Canada and other economic analysts to contextualize movements in the CPI and assess the quality of inflation data.
Key Facts
- The data is published by Statistics Canada on a quarterly basis.
- It tracks changes in the underlying data sources used to calculate the Canadian CPI.
- The metric provides transparency into the CPI calculation methodology.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base, Quarterly metric tracks the quarterly changes in the base source data used to calculate Canada's Consumer Price Index (CPI).
Q: Why is this trend relevant for users or analysts?
A: This metric provides important transparency into the data sources and methodology behind the Canadian CPI, which is a key economic indicator used by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated and published quarterly by Statistics Canada based on the agency's internal data collection and compilation processes.
Q: How is this trend used in economic policy?
A: The Index Source Base, Quarterly is used by the Bank of Canada and other economic analysts to contextualize movements in the CPI and assess the quality of inflation data.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by Statistics Canada with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Index Source Base, Quarterly (CANCP040000IXNBQ), retrieved from FRED.