Consumer Price Index: Education (COICOP 10): Total for Canada
CANCP100000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2015 - 11/1/2023
Summary
The Consumer Price Index: Education (COICOP 10): Total for Canada measures changes in the prices of educational goods and services in Canada. This key economic indicator provides insights into inflationary pressures and consumer spending in the education sector.
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 Consumer Price Index: Education (COICOP 10): Total for Canada is a subindex of the broader Canadian Consumer Price Index (CPI). It tracks the prices paid by Canadian consumers for a representative basket of educational products and services, including tuition fees, textbooks, and other school-related expenses.
Methodology
The data is collected through a nationwide survey of consumer prices by Statistics Canada.
Historical Context
This education-focused CPI metric is closely monitored by policymakers, economists, and education stakeholders to assess the impact of inflation on the affordability of schooling.
Key Facts
- The education CPI is a subindex of the broader Canadian CPI.
- Education costs make up around 3% of the total Canadian CPI basket.
- The education CPI has risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Education (COICOP 10): Total for Canada measures the changes in prices for a basket of educational goods and services purchased by Canadian consumers.
Q: Why is this trend relevant for users or analysts?
A: This education-focused CPI metric provides important insights into inflationary pressures and the affordability of schooling, which is crucial information for policymakers, economists, and education stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: The education CPI is closely monitored by policymakers to assess the impact of inflation on the cost of education and to inform decisions on educational funding and affordability policies.
Q: Are there update delays or limitations?
A: The education CPI data is published monthly by Statistics Canada with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Canada (CANCP100000GPM), retrieved from FRED.