Import Price Index by Origin (NAICS): Food Manufacturing for Canada
COCANZ311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.70
Year-over-Year Change
-0.66%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Food Manufacturing for Canada measures changes in the prices of imported food products from Canada. This metric is important for economists and policymakers to understand trends in international trade and the competitiveness of domestic food manufacturing industries.
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 Import Price Index by Origin (NAICS): Food Manufacturing for Canada tracks the prices of food and beverage products imported into the United States from Canadian manufacturers in the NAICS 311 industry code. This provides insight into the cost and pricing dynamics of a key component of U.S. food supply chains.
Methodology
The data is collected through surveys of importers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this index to monitor the impact of trade agreements, exchange rates, and other factors on the domestic food manufacturing sector.
Key Facts
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- Canada is the largest source of food imports to the United States.
- The index has a base year of 2000 = 100.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Food Manufacturing for Canada measures changes in the prices of food and beverage products imported into the United States from Canadian manufacturers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the cost and pricing dynamics of a key component of U.S. food supply chains, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to monitor the impact of trade agreements, exchange rates, and other factors on the domestic food manufacturing sector.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics with a relatively short lag.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Food Manufacturing for Canada (COCANZ311), retrieved from FRED.