Consumer Price Index: All Items: Total for Canada
CPALTT01CAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.88
Year-over-Year Change
33.20%
Date Range
1/1/1915 - 1/1/2023
Summary
The Consumer Price Index (CPI) All Items: Total for Canada measures the average change in prices paid by Canadian consumers for a basket of goods and services. It is a key indicator of inflation and an important metric for 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 CPI All Items: Total for Canada tracks the monthly changes in the general price level of consumer goods and services purchased by Canadian households. It is used to measure the purchasing power of the Canadian dollar and to inform monetary policy decisions.
Methodology
The data is collected through surveys of Canadian households and businesses and calculated using a fixed-weight index methodology.
Historical Context
The CPI is closely monitored by the Bank of Canada and is a key input for setting monetary policy to maintain price stability.
Key Facts
- The CPI All Items: Total for Canada has a base year of 2002.
- The index is published monthly by Statistics Canada.
- Changes in the CPI are used to adjust government benefits and private sector contracts.
FAQs
Q: What does this economic trend measure?
A: The CPI All Items: Total for Canada measures the average change in prices paid by Canadian consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and is closely monitored by policymakers to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses and calculated using a fixed-weight index methodology.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Bank of Canada in setting monetary policy to maintain price stability in the Canadian economy.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by Statistics Canada with a typical delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Canada (CPALTT01CAA657N), retrieved from FRED.