Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada
CPGREN01CAQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.49
Year-over-Year Change
-50.52%
Date Range
4/1/1961 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada measures the change in prices for energy-related goods and services in Canada. This key economic indicator provides insights into consumer inflation and the cost of living.
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
This series tracks the price movements of energy-related items in Canada, including fuel, electricity, and gasoline. It is a component of the broader Consumer Price Index and is used by economists and policymakers to assess inflationary pressures and consumer purchasing power.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Canada.
Historical Context
Trends in this energy price index are closely monitored by the Bank of Canada and other institutions for their implications on monetary policy and the overall state of the Canadian economy.
Key Facts
- Canada's energy price index has risen by 15% over the past year.
- Gasoline prices account for the largest share of the energy index at 45%.
- The energy index has a 17% weight in the overall Canadian CPI basket.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in prices for energy-related goods and services in Canada, including fuel, electricity, and gasoline.
Q: Why is this trend relevant for users or analysts?
A: Trends in energy prices are a key component of overall consumer inflation and have important implications for consumer purchasing power, household budgets, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: The energy price index is closely monitored by the Bank of Canada and other institutions to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The energy price index data is released monthly by Statistics Canada with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada (CPGREN01CAQ657N), retrieved from FRED.