Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Canada
CANCP010000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
63.05%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Canada measures changes in the prices paid by consumers for a basket of food and non-alcoholic beverage items. This metric is a key indicator of inflation and consumer spending patterns.
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 Food and Non-Alcoholic Beverages in Canada is a subcomponent of the overall Consumer Price Index, a widely-used measure of general price inflation. It reflects the changing costs of a representative basket of food and non-alcoholic drink purchases by Canadian households.
Methodology
This data is collected through surveys of retail prices across the country by Statistics Canada.
Historical Context
The CPI for Food and Beverages is closely monitored by the Bank of Canada and other policymakers to assess domestic economic conditions and guide monetary policy decisions.
Key Facts
- Canada's CPI for Food and Beverages makes up about 16% of the total CPI basket.
- Prices for food and non-alcoholic drinks have risen an average of 2.5% annually over the past decade.
- The Food and Beverages CPI is a leading indicator of consumer purchasing power and overall cost of living.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Food and Non-Alcoholic Beverages in Canada measures changes in the retail prices paid by consumers for a representative basket of food and non-alcoholic drink items.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric is a key indicator of inflationary pressures and consumer spending power, providing important insights into the state of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through retail price surveys conducted by Statistics Canada across the country.
Q: How is this trend used in economic policy?
A: The Food and Beverages CPI is closely monitored by the Bank of Canada and other policymakers to assess domestic economic conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely insights into consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Canada (CANCP010000CTGYM), retrieved from FRED.