Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Canada
CANCP100000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-19.91%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Canada measures changes in the prices paid by consumers for educational goods and services. This metric is a key indicator of inflation and cost of living trends for households.
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 Education in Canada is a component of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Education CPI specifically focuses on the costs associated with educational activities and institutions.
Methodology
The data is collected through surveys of prices paid by Canadian consumers for various educational products and services.
Historical Context
The Education CPI is used by policymakers, economists, and consumers to understand inflationary pressures in the education sector.
Key Facts
- The Education CPI is a component of the overall Canadian CPI.
- Education costs make up approximately 5% of the total Canadian CPI basket.
- The Education CPI helps track changes in the affordability of education for Canadian households.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Canada measures changes in the prices paid by consumers for educational goods and services, such as tuition, textbooks, and other school-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator for understanding inflation and cost of living pressures faced by Canadian households, particularly those with school-age children or individuals pursuing higher education.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Canadian consumers for various educational products and services.
Q: How is this trend used in economic policy?
A: The Education CPI is used by policymakers, economists, and institutions to assess inflationary pressures in the education sector and inform decisions related to education funding, student support, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The Education CPI data is typically published on a monthly basis, with a short delay from the reference period. There may be some limitations in capturing all educational costs due to the diverse nature of the education sector.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Canada (CANCP100000CTGYM), retrieved from FRED.