Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada
CANCPIENGAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.70
Year-over-Year Change
29.91%
Date Range
1/1/1961 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Energy in Canada measures the changes in prices for energy-related goods and services, including electricity, natural gas, and gasoline. This metric is a key indicator of inflationary pressures and consumer purchasing power.
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 Energy in Canada is a subcomponent of the overall Consumer Price Index that specifically tracks changes in energy costs. It is used by economists, policymakers, and consumers to understand the impact of energy prices on the broader cost of living.
Methodology
The data is collected through surveys of consumer expenditures and prices across Canada.
Historical Context
This metric informs monetary and fiscal policy decisions, as well as household budgeting and consumer sentiment.
Key Facts
- Canada's CPI for Energy has increased by 25% over the past 5 years.
- Energy costs make up about 5% of the average Canadian household's expenditures.
- Gasoline prices are the largest component of the CPI for Energy in Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Canada measures the changes in prices for energy-related goods and services, including electricity, natural gas, and gasoline.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer purchasing power, informing economic policy decisions and household budgeting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across Canada.
Q: How is this trend used in economic policy?
A: The CPI for Energy in Canada informs monetary and fiscal policy decisions, as well as consumer sentiment and household budgeting.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-week lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada (CANCPIENGAINMEI), retrieved from FRED.