Price Level of Household Consumption for Canada
PLCCPPCAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
-3.66%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Canada measures the overall price changes for consumer goods and services purchased by Canadian households. This key economic indicator provides insight into inflationary pressures 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
This price index represents the cost of a fixed basket of consumer items, including food, housing, transportation, recreation, and other household expenditures. Economists and policymakers use this data to analyze trends in Canadian consumer prices and make informed decisions.
Methodology
The data is collected through surveys of Canadian households and businesses, then aggregated and adjusted for seasonal variations.
Historical Context
The Price Level of Household Consumption is a crucial input for the Bank of Canada's monetary policy decisions and inflation targeting framework.
Key Facts
- The index base year is 2010 = 100.
- Household consumption accounts for over 50% of Canada's GDP.
- The index is published monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Canada measures the overall price changes for consumer goods and services purchased by Canadian households.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into inflationary pressures and consumer purchasing power, which are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses, then aggregated and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is a crucial input for the Bank of Canada's monetary policy decisions and inflation targeting framework.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Canada, with minimal delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Canada (PLCCPPCAA670NRUG), retrieved from FRED.