Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Canada
CANCP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.19
Year-over-Year Change
70.34%
Date Range
1/1/1962 - 3/1/2025
Summary
The Consumer Price Index for Food and Non-Alcoholic Beverages in Canada measures the change in prices for food and non-alcoholic drink purchases by Canadian consumers. This key economic indicator provides insight into the cost of living and inflation pressures.
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 Food and Non-Alcoholic Beverages CPI is a subcomponent of the broader Canadian Consumer Price Index. It tracks the monthly price changes for a basket of food and non-alcoholic beverage items that are representative of typical household consumption in Canada.
Methodology
The data is collected through surveys of Canadian retailers and service providers and calculated using a weighted average of price changes.
Historical Context
This inflation measure is closely monitored by the Bank of Canada and analysts to assess consumer demand and guide monetary policy decisions.
Key Facts
- Food and non-alcoholic beverages account for about 16% of the Canadian CPI basket.
- The CPI Food and Non-Alcoholic Beverages index has a base year of 2002 = 100.
- Prices are collected from over 100 communities across Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Food and Non-Alcoholic Beverages in Canada measures the monthly change in prices for a basket of food and non-alcoholic drink items purchased by Canadian consumers.
Q: Why is this trend relevant for users or analysts?
A: This inflation measure provides important insights into the cost of living and consumer spending patterns in Canada, which are closely watched by policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian retailers and service providers and calculated using a weighted average of price changes for the items in the representative consumption basket.
Q: How is this trend used in economic policy?
A: The Food and Non-Alcoholic Beverages CPI is a key input used by the Bank of Canada in setting monetary policy and assessing inflationary pressures in the Canadian economy.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by Statistics Canada with a typical lag of about two weeks from the end of the reference period.
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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 (CANCP010000GYM), retrieved from FRED.