Consumer Price Index: Communication (COICOP 08): Total for Canada
Quarterly
CANCP080000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.81
Year-over-Year Change
234.56%
Date Range
4/1/2015 - 7/1/2023
Summary
The Quarterly trend measures the quarterly change in the headline consumer price index (CPI) for Canada. This metric is closely watched by economists and policymakers as a key indicator of inflationary pressures.
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 Quarterly trend tracks the quarter-over-quarter percent change in the total consumer price index for Canada, providing a high-frequency measure of price movements. It is a widely followed economic indicator used to assess the pace of inflation and guide monetary policy decisions.
Methodology
The data is collected and calculated by Statistics Canada based on a representative basket of consumer goods and services.
Historical Context
The Quarterly CPI is a critical input for the Bank of Canada's inflation targeting framework and interest rate policy.
Key Facts
- The Quarterly CPI trend was 1.9% in Q4 2022.
- Canada targets a 2% inflation rate in its monetary policy framework.
- Quarterly CPI data is released by Statistics Canada on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarter-over-quarter percent change in the total consumer price index (CPI) for Canada, a key indicator of inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly CPI is a widely followed economic indicator used by policymakers, economists, and investors to assess the pace of inflation and guide monetary policy decisions in Canada.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The Quarterly CPI is a critical input for the Bank of Canada's inflation targeting framework and interest rate policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly CPI data is released by Statistics Canada on a monthly basis, providing timely information on price movements.
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Citation
U.S. Federal Reserve, Quarterly (CANCP080000GPQ), retrieved from FRED.