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Growth rate same period previous year, Monthly, Seasonally Adjusted
CANODCNPI03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.96
Year-over-Year Change
-1274.80%
Date Range
1/1/1949 - 3/1/2025
Summary
This economic trend measures the year-over-year growth rate of the Consumer Price Index (CPI) in Canada, adjusted for seasonal variations. It provides insights into the pace of inflation and helps policymakers monitor price stability.
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 growth rate same period previous year is a key indicator used to analyze changes in the cost of living in Canada over time. This seasonally adjusted monthly metric allows economists to identify emerging inflationary or deflationary pressures and evaluate the effectiveness of monetary policy.
Methodology
The data is calculated based on Statistics Canada's collection and analysis of consumer price information.
Historical Context
Central banks and government agencies closely monitor this trend to inform decisions on interest rates, fiscal policies, and other interventions aimed at maintaining stable prices.
Key Facts
- Canada's CPI growth rate averaged 2.3% annually over the past decade.
- The highest annual CPI growth rate in Canada was 5.1% in 2022.
- The Bank of Canada targets an inflation rate of 2% to promote price stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Consumer Price Index (CPI) in Canada, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the pace of inflation and helps policymakers monitor price stability in the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated based on Statistics Canada's collection and analysis of consumer price information.
Q: How is this trend used in economic policy?
A: Central banks and government agencies closely monitor this trend to inform decisions on interest rates, fiscal policies, and other interventions aimed at maintaining stable prices.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Canada, with a typical update delay of approximately 2-3 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (CANODCNPI03GYSAM), retrieved from FRED.