Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Canada
Quarterly
CANCP120000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.36
Year-over-Year Change
55.44%
Date Range
4/1/2015 - 7/1/2023
Summary
The Quarterly trend measures the volume of retail sales in Canada, a key indicator of consumer spending and economic activity. It is closely watched by economists and policymakers to assess the health of 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 Quarterly trend represents the total value of retail sales transactions in Canada on a quarterly basis. It is a widely used metric to gauge consumer confidence and spending patterns, which are crucial drivers of economic growth.
Methodology
The data is collected through surveys of Canadian retail businesses and compiled by Statistics Canada.
Historical Context
Policymakers and analysts use the Quarterly trend to inform decisions and forecasts related to monetary policy, fiscal policy, and market performance.
Key Facts
- Retail sales account for over 50% of Canada's GDP.
- The Quarterly trend is released on a monthly basis.
- Consumer spending is a major driver of economic growth in Canada.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the total value of retail sales transactions in Canada on a quarterly basis, providing insight into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly trend is a key indicator of the health of the Canadian economy, as consumer spending is a major driver of economic growth. It is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data for the Quarterly trend is collected through surveys of Canadian retail businesses and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Quarterly trend to inform decisions and forecasts related to monetary policy, fiscal policy, and market performance in Canada.
Q: Are there update delays or limitations?
A: The Quarterly trend is released on a monthly basis, with a typical delay of approximately one month from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly (CANCP120000GPQ), retrieved from FRED.