Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Canada
Index source base
CANCP010000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.50
Year-over-Year Change
21.58%
Date Range
1/1/1961 - 7/1/2023
Summary
The Index Source Base measures the reference period used to calculate an index, which is important for comparing price trends over time.
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 Index Source Base represents the base period chosen as the reference point of 100 for an economic index. Economists use this information to properly interpret and compare index values across different time periods.
Methodology
The Index Source Base is calculated based on the reference period selected by the data provider.
Historical Context
The Index Source Base is a key technical detail used to contextualize index-based economic indicators.
Key Facts
- The Index Source Base is typically set to 100 for a chosen reference period.
- Changing the Index Source Base can affect the interpretation of index values over time.
- Understanding the Index Source Base is crucial for accurate comparisons of economic indicators.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base measures the reference period used as the base value of 100 for a given economic index or price indicator.
Q: Why is this trend relevant for users or analysts?
A: The Index Source Base is a crucial technical detail that allows for proper interpretation and comparison of index-based economic data over time.
Q: How is this data collected or calculated?
A: The Index Source Base is determined by the data provider based on the chosen reference period for the index calculation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Index Source Base to correctly interpret and compare price indices, which inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Index Source Base is generally updated concurrently with the underlying index data, with no significant delays or limitations.
Related Trends
International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
XTNTVA01CAA664N
Infra-Annual Labor Statistics: Employment Rate Male: From 25 to 54 Years for Canada
LREM25MACAA156S
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Canada
CANCP090000IXNBM
Outstanding Domestic Private Debt Securities to GDP for Canada
DDDM03CAA156NWDB
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Canada
CANSACRMISMEI
Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for Canada
CANLOLITONOSTSAM
Citation
U.S. Federal Reserve, Index Source Base (CANCP010000IXNBQ), retrieved from FRED.