Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Canada
CANCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.80
Year-over-Year Change
-27.97%
Date Range
1/1/2016 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Canada measures the change in prices of goods and services related to recreational activities, cultural events, and hobbies. This metric is a key indicator of consumer spending patterns and overall 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 CPI for Recreation and Culture is a subindex of the broader Canadian CPI, which tracks the average change in prices paid by consumers for a basket of goods and services. This specific index focuses on the recreation and culture sector, providing insights into consumer demand and inflationary pressures in this important economic area.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
The CPI for Recreation and Culture is closely monitored by policymakers and analysts to assess consumer confidence and discretionary spending trends.
Key Facts
- The CPI for Recreation and Culture accounts for approximately 10% of the total Canadian CPI basket.
- This index has shown relatively stable growth over the past decade, averaging annual increases of around 2%.
- Prices for recreational activities and cultural events are important contributors to overall consumer inflation in Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Recreation and Culture in Canada measures the change in prices of goods and services related to recreational activities, cultural events, and hobbies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and overall economic conditions, as the recreation and culture sector is an important component of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The CPI for Recreation and Culture is closely monitored by policymakers and analysts to assess consumer confidence and discretionary spending trends.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical one-month lag, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Canada (CANCP090000GYQ), retrieved from FRED.