Consumer Price Index: All Items: City: Total for Canada
Quarterly
CPALCY01CAQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.71
Year-over-Year Change
17.54%
Date Range
1/1/1961 - 7/1/2023
Summary
This series measures the quarterly cost of living for consumers in Canada. It is a key indicator of economic conditions and consumer purchasing power.
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 Quarterly Consumer Price Index (CPI) for Canada tracks the average change in prices paid by consumers for a basket of goods and services. It is a widely used measure of inflation and an important input for monetary policy decisions.
Methodology
The data is collected through a survey of consumer purchases and calculated by Statistics Canada.
Historical Context
The Canadian CPI is closely monitored by the Bank of Canada to help set interest rates and manage inflation.
Key Facts
- Canada's CPI has averaged 2.1% annually over the past decade.
- The CPI basket includes over 600 goods and services tracked monthly.
- Housing and transportation are the two largest components of the CPI.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index (CPI) measures the average change in prices paid by consumers in Canada for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Canadian CPI is a key indicator of inflation and consumer purchasing power, making it highly relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer purchases and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Canadian CPI is closely monitored by the Bank of Canada to help set interest rates and manage inflation to meet its 2% target.
Q: Are there update delays or limitations?
A: The Quarterly CPI data is released approximately 6 weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly (CPALCY01CAQ661N), retrieved from FRED.