Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Canada
COCANZ33 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.50
Year-over-Year Change
1.90%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Canada measures changes in the prices of goods imported from Canada to the United States. This metric is important for economists and policymakers to understand trade dynamics 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 index tracks the prices of manufactured goods imported from Canada, one of the United States' largest trading partners. It provides insight into the competitiveness of Canadian exports and the flow of goods across the border.
Methodology
The data is collected through surveys of importing businesses and calculated as a weighted average of price changes.
Historical Context
Trends in this index are closely monitored by trade analysts and central banks to assess the state of the bilateral trade relationship.
Key Facts
- Canada is the United States' second-largest trading partner.
- The index has a base year of 2000.
- Prices are collected at the border prior to customs clearance.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Canada measures changes in the prices of manufactured goods imported from Canada to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into trade dynamics, competitiveness, and inflationary pressures between the U.S. and its second-largest trading partner.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importing businesses and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by trade analysts and central banks to assess the state of the bilateral trade relationship and potential inflationary impacts.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-month lag, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Canada (COCANZ33), retrieved from FRED.