Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Canada
CANCP050000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.03
Year-over-Year Change
48.06%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Canada measures changes in the prices paid by consumers for a basket of household goods and services. This metric is a key indicator of inflationary pressures and consumer purchasing power.
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 Furnishings, Household Equipment and Routine Household Maintenance reflects the average change in prices for items like furniture, appliances, cleaning products, and other common household items. This index is a component of the broader CPI, which is a widely followed indicator of overall consumer price inflation in the Canadian economy.
Methodology
The CPI data is collected through surveys of consumers and businesses by Statistics Canada.
Historical Context
This household goods CPI is used by policymakers, economists, and market analysts to assess trends in consumer spending and inflationary conditions.
Key Facts
- The CPI for Household Furnishings accounts for around 5% of the total Canadian CPI basket.
- This index has risen by an average of 2.1% per year over the past decade.
- Furnishings and equipment make up the largest component (over 60%) of this CPI subindex.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices paid by Canadian consumers for a basket of common household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is an important indicator of inflationary pressures and consumer purchasing power for household-related expenses, which are a significant component of overall consumer spending.
Q: How is this data collected or calculated?
A: The CPI data is collected through consumer and business surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this CPI subindex to assess trends in consumer spending and inflationary conditions, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by Statistics Canada with a short lag, typically 2-3 weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Canada (CANCP050000CTGYM), retrieved from FRED.