Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada
CPGREN01CAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.55
Year-over-Year Change
239.44%
Date Range
1/1/1962 - 1/1/2022
Summary
The Consumer Price Index for OECD Energy Groups measures the change in prices for fuel, electricity, and gasoline in Canada. This key indicator helps economists and policymakers track inflation pressures in the energy sector.
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 Consumer Price Index for OECD Energy Groups is a subcomponent of the overall Consumer Price Index that specifically focuses on price changes for essential energy products. This metric provides insight into energy-related inflationary trends and is closely monitored by analysts and central banks.
Methodology
The data is collected through surveys of consumer prices and calculated as an index value.
Historical Context
Energy prices play a significant role in macroeconomic policy, as they can impact household budgets, business costs, and broader measures of inflation.
Key Facts
- Canada's energy prices account for about 10% of the Consumer Price Index.
- Energy costs have a significant impact on household budgets and business operations.
- The energy subindex helps policymakers assess inflationary pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for OECD Energy Groups measures the change in prices for fuel, electricity, and gasoline in Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into energy-related inflationary pressures, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated as an index value.
Q: How is this trend used in economic policy?
A: Energy prices are a key input for macroeconomic policy, as they impact household budgets, business costs, and broader measures of inflation.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve and is generally considered timely and reliable.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada (CPGREN01CAA657N), retrieved from FRED.