Private Final Consumption Expenditure Implicit Price Deflator in Canada
CANPCEDEFQISNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.23
Year-over-Year Change
12.90%
Date Range
1/1/1961 - 1/1/2024
Summary
The Private Final Consumption Expenditure Implicit Price Deflator in Canada measures the change in prices for all goods and services purchased by Canadian consumers, providing insight into the cost of living and inflationary pressures.
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
This price index tracks the overall price level of consumer expenditures in Canada, including both goods and services. It is a key metric used by economists and policymakers to assess changes in the purchasing power of Canadian consumers and guide monetary and fiscal policy decisions.
Methodology
The data is calculated by Statistics Canada based on detailed price surveys across the Canadian economy.
Historical Context
The Private Final Consumption Expenditure Implicit Price Deflator is a crucial input for analyzing the state of the Canadian economy and making informed policy choices.
Key Facts
- The base year for the index is 2012 = 100.
- The deflator covers all private household consumption, including goods and services.
- It is released quarterly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Private Final Consumption Expenditure Implicit Price Deflator measures the overall change in prices for goods and services purchased by Canadian consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the purchasing power of Canadian households and the overall cost of living, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on detailed price surveys across the Canadian economy.
Q: How is this trend used in economic policy?
A: The Private Final Consumption Expenditure Implicit Price Deflator is a key input for the Bank of Canada and other policymakers in assessing inflationary pressures and making monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by Statistics Canada, with a short lag period.
Related Trends
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Canada
CANCP050000IXNBQ
Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Canada
LFAC25TTCAA647N
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Canada
CANB6FATT01CXCUQ
Import Price Index by Origin (NAICS): Pulp, Paper, and Paperboard Mills for Canada
COCANZ3221
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Canada
CANSACRMISMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Canada
CANCP100000CTGYM
Citation
U.S. Federal Reserve, Private Final Consumption Expenditure Implicit Price Deflator in Canada (CANPCEDEFQISNAQ), retrieved from FRED.