Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Canada
Index 2015=100, Monthly, Not Seasonally Adjusted
CANCPIALLMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.18
Year-over-Year Change
2.32%
Date Range
12/1/1941 - 3/1/2025
Summary
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and can inform economic policymaking.
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 tracks the weighted average change over time in the prices paid by urban consumers for a representative market basket of consumer goods and services. It is a widely-used measure of inflation and a key economic indicator that impacts monetary and fiscal policy decisions.
Methodology
The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Historical Context
The CPI is closely monitored by the Federal Reserve and other policymakers to assess price stability and guide policy actions.
Key Facts
- The CPI basket includes over 200 categories of consumer goods and services.
- The CPI is calculated based on prices collected from approximately 23,000 retail and service establishments.
- The CPI is a leading economic indicator used to adjust government payments and contracts for inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and an important input for economic and policy decisions, such as adjusting interest rates, government benefits, and wage negotiations.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from approximately 23,000 retail and service establishments to calculate the CPI.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the CPI to assess price stability and guide monetary and fiscal policy actions to promote economic growth and control inflation.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a typical release lag of about two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Consumer Price Index (CANCPIALLMINMEI), retrieved from FRED.