Consumer Price Index: All Items: City: Total for Canada
Annual
CPALCY01CAA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.44
Year-over-Year Change
28.85%
Date Range
1/1/1961 - 1/1/2022
Summary
The Annual Consumer Price Index for All Urban Consumers for All Items Less Food and Energy in Canada measures core inflation, a key indicator 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 CPI for All Items Less Food and Energy, also known as the core CPI, is a widely followed economic indicator that measures the change in consumer prices excluding the volatile food and energy sectors. This metric provides insight into underlying inflationary pressures in the Canadian economy.
Methodology
The data is collected through a survey of consumer expenditures and calculated by Statistics Canada.
Historical Context
The core CPI is a crucial input for the Bank of Canada's monetary policy decisions.
Key Facts
- The core CPI excludes food and energy prices.
- It is a key input for the Bank of Canada's inflation target.
- The core CPI provides a more stable measure of underlying price trends.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for All Urban Consumers for All Items Less Food and Energy in Canada, also known as the core CPI, measures the change in consumer prices excluding the volatile food and energy sectors.
Q: Why is this trend relevant for users or analysts?
A: The core CPI is a crucial indicator for economic policymakers and analysts as it provides insight into underlying inflationary pressures in the Canadian economy, which is a key consideration for the Bank of Canada's monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumer expenditures and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: The core CPI is a crucial input for the Bank of Canada's monetary policy decisions, as it provides a more stable measure of underlying price trends compared to the headline CPI.
Q: Are there update delays or limitations?
A: The core CPI data is published monthly by Statistics Canada with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for All Urban Consumers for All Items Less Food and Energy in Canada (CPALCY01CAA661N), retrieved from FRED.