Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Canada
Growth rate same period previous year
CANCP110000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.74
Year-over-Year Change
-38.94%
Date Range
12/1/2015 - 3/1/2025
Summary
The growth rate same period previous year, identified by the Series ID CANCP110000GYM, tracks the year-over-year change in Canada's consumer prices.
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
This economic indicator measures the annual percent change in Canada's consumer price index (CPI), providing insight into the country's inflationary trends. It is a key metric used by economists and policymakers to assess the overall price environment and make informed decisions.
Methodology
The data is collected and calculated by Statistics Canada through a survey of consumer prices.
Historical Context
Central banks often monitor this indicator closely when setting monetary policy to maintain price stability.
Key Facts
- Canada's CPI growth rate in 2022 was 6.8%.
- The Bank of Canada aims to keep inflation within a 1-3% target range.
- Consumer price data is collected monthly from over 100,000 price quotes.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the annual percent change in Canada's consumer price index, providing insight into the country's inflationary trends.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric used by economists and policymakers to assess the overall price environment and make informed decisions, particularly around monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada through a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Central banks like the Bank of Canada often monitor this indicator closely when setting monetary policy to maintain price stability and achieve their inflation targets.
Q: Are there update delays or limitations?
A: The consumer price data is published monthly, with a typical release lag of a few weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CANCP110000GYM), retrieved from FRED.