Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Canada
CANCP090000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.73
Year-over-Year Change
-17.11%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Canada measures the changes in prices paid by Canadian consumers for a basket of recreational and cultural goods and services. This index is a key indicator of inflation and consumer spending in the Canadian economy.
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 Recreation and Culture in Canada is part of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Recreation and Culture component specifically measures price changes for items like recreational equipment, media, and cultural activities.
Methodology
The data is collected through surveys of Canadian consumers and businesses.
Historical Context
The CPI for Recreation and Culture is used by policymakers, economists, and businesses to analyze consumer trends and inflation pressures.
Key Facts
- The base year for the index is 2002 = 100.
- Recreation and Culture accounts for about 10% of the total Canadian CPI basket.
- Prices for this sector have risen at a slower rate than overall inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Canada measures the changes in prices paid by Canadian consumers for a basket of recreational and cultural goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Recreation and Culture is a key indicator of inflation and consumer spending patterns in the Canadian economy, providing insights into discretionary household expenditures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian consumers and businesses.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is used by policymakers, economists, and businesses to analyze consumer trends and inflation pressures in the Canadian economy.
Q: Are there update delays or limitations?
A: The CPI for Recreation and Culture is published monthly with a short delay, providing timely data on consumer price changes in this sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Canada (CANCP090000GYM), retrieved from FRED.