Consumer Price Index: Communication (COICOP 08): Total for Canada
Quarterly
CANCP080000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.17
Year-over-Year Change
-17.42%
Date Range
1/1/2015 - 7/1/2023
Summary
The Quarterly Percent Change in the Canadian Consumer Price Index (CPI) measures the quarterly percent change in the overall price level of consumer goods and services in Canada. It is a key indicator of inflation and economic conditions.
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 Percent Change in the Canadian CPI tracks the rate of change in consumer prices from one quarter to the next. It provides insight into the pace of price movements and inflationary pressures within the Canadian economy, which is crucial information for policymakers and analysts.
Methodology
The data is calculated by Statistics Canada based on a representative basket of consumer goods and services.
Historical Context
The Canadian CPI is closely monitored by the Bank of Canada and used to help guide monetary policy decisions.
Key Facts
- The CPI covers about 60% of consumer expenditures in Canada.
- The Bank of Canada's inflation target range is 1-3%.
- Quarterly CPI data is released approximately 6 weeks after the end of each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Percent Change in the Canadian Consumer Price Index (CPI) measures the quarterly rate of change in consumer prices across a broad basket of goods and services in Canada.
Q: Why is this trend relevant for users or analysts?
A: The Canadian CPI is a crucial indicator of inflationary pressures and overall economic conditions, making it highly relevant for policymakers, investors, and consumers.
Q: How is this data collected or calculated?
A: The data is 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 Canadian CPI is closely monitored by the Bank of Canada and used to help guide monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: Quarterly CPI data is released approximately 6 weeks after the end of each quarter, so there can be a short delay in availability.
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Citation
U.S. Federal Reserve, Quarterly Percent Change in Canadian CPI (CANCP080000IXNBQ), retrieved from FRED.