Consumer Price Index: Food for Canada
Quarterly
CANCPIFODQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.82
Year-over-Year Change
1.45%
Date Range
1/1/1961 - 1/1/2018
Summary
The Quarterly Consumer Price Index for All-Items Ex Food and Energy (CANCPIFODQINMEI) is a key measure of inflation in the Canadian economy, excluding volatile food and energy prices.
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 Consumer Price Index for All-Items Ex Food and Energy is a widely-used economic indicator that tracks changes in the prices of consumer goods and services, excluding the typically volatile food and energy sectors. This 'core' inflation metric provides a more stable, underlying view of price pressures within the Canadian economy.
Methodology
The data is collected through a national survey of consumer prices and calculated by Statistics Canada.
Historical Context
Policymakers and analysts closely monitor this inflation gauge to inform monetary policy decisions and economic forecasts.
Key Facts
- Excludes volatile food and energy prices
- Considered a more stable measure of underlying inflation
- Used by policymakers to guide monetary policy
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index for All-Items Ex Food and Energy measures changes in the prices of consumer goods and services in Canada, excluding the typically volatile food and energy sectors.
Q: Why is this trend relevant for users or analysts?
A: This 'core' inflation metric provides a more stable and reliable view of underlying price pressures in the Canadian economy, which is crucial for policymakers and analysts when assessing economic conditions and making forecasts.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer prices and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this inflation gauge to inform monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The Quarterly Consumer Price Index for All-Items Ex Food and Energy is published on a regular schedule by Statistics Canada, with occasional revisions to account for updated information.
Related Trends
Nominal Private Sector Final Consumption Expenditure for Canada
NCPNSAXDCCAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Canada
CANCPGRSE01GYQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Canada
CANCPGRGO01GYM
International Trade: Imports: Value (Goods): Total for Canada
XTIMVA01CAA188S
Real General Government Final Consumption Expenditure for Canada
NCGGRSAXDCCAQ
Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Canada
LRUN55TTCAM156S
Citation
U.S. Federal Reserve, Quarterly Consumer Price Index for All-Items Ex Food and Energy (CANCPIFODQINMEI), retrieved from FRED.