Consumer Price Index: Housing for Canada
CANCPIHOUMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.58
Year-over-Year Change
2.17%
Date Range
1/1/1960 - 5/1/2018
Summary
The Consumer Price Index (CPI) for Housing in Canada measures the changes in prices for housing-related goods and services. It is a key indicator of inflation and cost of living trends 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 CPI for Housing in Canada tracks the prices of a basket of housing-related items, including rent, utilities, furnishings, and household operations. It is used by policymakers, economists, and the public to gauge inflationary pressures and the affordability of housing.
Methodology
The data is collected through surveys of Canadian consumers and compiled by Statistics Canada.
Historical Context
The CPI for Housing is closely watched by the Bank of Canada and other institutions to inform monetary and fiscal 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.
- The CPI for Housing is a monthly indicator published by Statistics Canada.
FAQs
Q: What does the CPI for Housing in Canada measure?
A: The CPI for Housing tracks the changes in prices for a basket of housing-related goods and services in Canada, including rent, utilities, furnishings, and household operations.
Q: Why is the CPI for Housing relevant for users and analysts?
A: The CPI for Housing is a key indicator of inflation and cost of living trends, providing insights into the affordability of housing for Canadian consumers. It is closely monitored by policymakers, economists, and the public.
Q: How is the CPI for Housing data collected and calculated?
A: The data is collected through surveys of Canadian consumers and compiled by Statistics Canada.
Q: How is the CPI for Housing used in economic policy?
A: The CPI for Housing is closely watched by the Bank of Canada and other institutions to inform monetary and fiscal policy decisions, as it provides insights into inflationary pressures and the overall cost of living.
Q: Are there any update delays or limitations with the CPI for Housing data?
A: The CPI for Housing is published monthly by Statistics Canada, with a typical release lag of around two weeks. There may be some limitations in the representativeness of the survey sample, but the data is generally considered a reliable indicator of housing costs in Canada.
Related Trends
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Canada
CANCP010000GPQ
Nominal Final Consumption Expenditure for Canada
NCNSAXDCCAQ
Compensation of Employees in Canada
CANCOMPQDSNAQ
Infra-Annual Labor Statistics: Inactivity Rate Total: From 55 to 64 Years for Canada
LRIN55TTCAQ156S
Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for Canada
CANB6BLPI01CXCUSAQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Canada
LFEM55MACAA647N
Citation
U.S. Federal Reserve, Consumer Price Index: Housing for Canada (CANCPIHOUMINMEI), retrieved from FRED.