Consumer Price Index: All Items: Total for Canada
Index source base, Monthly
CANCPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.80
Year-over-Year Change
3.12%
Date Range
1/1/1960 - 11/1/2023
Summary
The Index source base, Monthly measures changes in prices received by Canadian producers for a basket of raw materials and intermediate goods. It is a key indicator of inflationary pressures in 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 Index source base, Monthly tracks a weighted average of prices for a variety of commodities produced in Canada, including metals, lumber, and energy products. This index is used by policymakers and analysts to assess price dynamics in the industrial sector and broader economy.
Methodology
The data is collected through monthly surveys of Canadian producers and manufacturers.
Historical Context
The Index source base is monitored by the Bank of Canada and other institutions to inform economic and monetary policy decisions.
Key Facts
- The index base year is 2012 = 100.
- The index reached a record high in 2022 amid global supply chain disruptions.
- The index is released on a monthly basis by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Index source base, Monthly measures changes in the prices received by Canadian producers for a basket of raw materials and intermediate goods.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Canadian industrial sector and broader economy, which is monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Canadian producers and manufacturers.
Q: How is this trend used in economic policy?
A: The Index source base is monitored by the Bank of Canada and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis by Statistics Canada with minimal delay.
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Citation
U.S. Federal Reserve, Index source base, Monthly (CANCPALTT01IXNBM), retrieved from FRED.