Consumer Price Index: Services Less Housing for Canada
Annual
CANCPISXHAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.62
Year-over-Year Change
38.27%
Date Range
1/1/1961 - 1/1/2017
Summary
The Annual Consumer Price Index for Canada measures the overall increase in prices for consumer goods and services. It is a key indicator of inflation and a critical data point for economic policymakers.
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 Annual Consumer Price Index (CPI) for Canada tracks the average change over time in the prices paid by consumers for a basket of goods and services. It is a widely used measure of inflation and is closely monitored by the Bank of Canada and other economic analysts.
Methodology
The Canadian CPI is calculated monthly by Statistics Canada based on price data collected from retail establishments across the country.
Historical Context
The Canadian CPI is a crucial input for the Bank of Canada's monetary policy decisions and a key indicator of the overall health of the Canadian economy.
Key Facts
- The Canadian CPI is measured monthly since 1914.
- The CPI basket includes over 600 consumer goods and services.
- The CPI is a leading indicator of changes in the cost of living in Canada.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for Canada measures the overall increase in prices for consumer goods and services, providing a key indicator of inflation in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The Canadian CPI is a critical data point that is closely watched by the Bank of Canada, economists, and policymakers to assess inflationary pressures and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The Canadian CPI is calculated monthly by Statistics Canada based on price data collected from retail establishments across the country.
Q: How is this trend used in economic policy?
A: The Canadian CPI is a key input for the Bank of Canada's monetary policy decisions, as it helps the central bank assess and respond to inflationary conditions in the economy.
Q: Are there update delays or limitations?
A: The Canadian CPI data is published monthly with a brief delay, providing timely information on changes in consumer prices.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for Canada (CANCPISXHAINMEI), retrieved from FRED.