Consumer Price Index: All Items: Total for Canada
CPALTT01CAQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-76.94%
Date Range
4/1/1914 - 10/1/2023
Summary
The Consumer Price Index (CPI) for All Items: Total for Canada measures the average change over time in the prices paid by Canadian consumers for a basket of consumer goods and services. It is a key economic indicator used to monitor inflation and guide monetary policy.
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 for All Items: Total for Canada is a comprehensive measure of the price level of consumer goods and services purchased by Canadian households. It serves as a benchmark for adjusting wages, pensions, and other payments to maintain real purchasing power and is a crucial input for the Bank of Canada's inflation targeting framework.
Methodology
The CPI is calculated by Statistics Canada based on prices collected from a representative sample of retail establishments and service providers across the country.
Historical Context
The CPI is widely used by policymakers, businesses, and consumers to understand the cost of living and make informed economic decisions.
Key Facts
- The CPI for All Items: Total for Canada has a base year of 2002.
- The CPI is published monthly by Statistics Canada.
- The CPI is used to adjust government benefits and contracts for inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items: Total for Canada measures the average change over time in the prices paid by Canadian consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key economic indicator used to monitor inflation and guide monetary policy, and it serves as a benchmark for adjusting wages, pensions, and other payments to maintain real purchasing power.
Q: How is this data collected or calculated?
A: The CPI is calculated by Statistics Canada based on prices collected from a representative sample of retail establishments and service providers across the country.
Q: How is this trend used in economic policy?
A: The CPI is widely used by policymakers, businesses, and consumers to understand the cost of living and make informed economic decisions, including the Bank of Canada's inflation targeting framework.
Q: Are there update delays or limitations?
A: The CPI is published monthly by Statistics Canada, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Canada (CPALTT01CAQ657N), retrieved from FRED.