Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Canada
CANCPGRHO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-43.53%
Date Range
1/1/1950 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Housing in Canada measures the changes in prices paid by consumers for housing-related goods and services. This key economic indicator helps policymakers and analysts understand inflation and cost-of-living trends.
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 Housing in Canada is a component of the broader Consumer Price Index, which tracks changes in the prices paid by urban consumers for a representative basket of goods and services. The Housing CPI specifically focuses on the costs associated with shelter, including rent, utilities, household furnishings, and related expenses.
Methodology
The CPI data is collected through a nationwide survey of consumer spending and prices.
Historical Context
The Housing CPI is used by the Bank of Canada and other policymakers to monitor inflation and inform monetary policy decisions.
Key Facts
- The CPI for Housing accounts for about 27% of the total CPI basket in Canada.
- Housing costs have risen faster than overall inflation in Canada over the past decade.
- Shelter costs, including rent and utilities, make up the largest component of the Housing CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing in Canada measures changes in the prices paid by consumers for housing-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI is a key indicator of inflation and cost-of-living trends, which are crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The CPI data is collected through a nationwide survey of consumer spending and prices.
Q: How is this trend used in economic policy?
A: The Housing CPI is used by the Bank of Canada and other policymakers to monitor inflation and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Housing CPI data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Canada (CANCPGRHO01GYM), retrieved from FRED.