Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Canada
Index 2015=100, Monthly
CANCP010000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.28
Year-over-Year Change
3.19%
Date Range
1/1/1961 - 3/1/2025
Summary
The Index 2015=100, Monthly metric measures the change in Canadian consumer prices over time, providing key insights into inflation trends and the overall 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 index tracks the monthly changes in the prices of a basket of consumer goods and services in Canada, serving as a comprehensive indicator of inflation. It is widely used by economists, policymakers, and the general public to assess the purchasing power of the Canadian dollar and guide economic decision-making.
Methodology
The data is collected through surveys of Canadian households and businesses, and the index is calculated by Statistics Canada using a fixed-weight formula.
Historical Context
The Index 2015=100, Monthly is a crucial economic indicator that informs monetary policy decisions and influences financial markets.
Key Facts
- The base year for the index is 2015, with a value of 100.
- The index is updated monthly by Statistics Canada.
- It covers a wide range of consumer goods and services, including food, housing, transportation, and more.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures the changes in the prices of a basket of consumer goods and services in Canada, serving as a comprehensive indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding the purchasing power of the Canadian dollar and informing economic decision-making, such as monetary policy and financial market analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses, and the index is calculated by Statistics Canada using a fixed-weight formula.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Monthly is a key input for the Bank of Canada's monetary policy decisions, as it helps assess inflationary pressures and guide interest rate adjustments.
Q: Are there update delays or limitations?
A: The index is updated monthly by Statistics Canada, with a typical release schedule that allows for timely analysis of inflation trends.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (CANCP010000IXOBM), retrieved from FRED.