Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Canada
CANCP040000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.27
Year-over-Year Change
-23.65%
Date Range
1/1/2016 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Canada measures price changes for a basket of essential household services and utilities. It is a key economic indicator used to track inflation and inform monetary policy decisions.
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 Housing, Water, Electricity, Gas and Other Fuels is a component of the overall CPI, which is the primary measure of consumer price inflation in Canada. This subindex tracks changes in the costs of maintaining a household, including rent, utilities, and other housing-related expenses.
Methodology
The data is collected through surveys of Canadian households and businesses and calculated using a weighted average of price changes for a representative basket of goods and services.
Historical Context
The CPI is closely monitored by the Bank of Canada and other policymakers to assess the state of the economy and guide decisions on interest rates and other monetary policy tools.
Key Facts
- The CPI for Housing, Water, Electricity, Gas and Other Fuels accounts for over 20% of the total CPI basket in Canada.
- This subindex has risen by an average of 2.5% annually over the past decade.
- Housing costs, including rent and utilities, are the largest contributors to the overall CPI in Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels measures the changes in prices for a basket of essential household services and utilities in Canada.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex is a key indicator of inflationary pressures in the Canadian economy, particularly for household-related expenses. It is closely monitored by the Bank of Canada and other policymakers to inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses and calculated using a weighted average of price changes for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Housing, Water, Electricity, Gas and Other Fuels is used by the Bank of Canada and other policymakers to assess inflationary pressures and guide decisions on interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis by Statistics Canada, with a typical lag of around 2-3 weeks. There are no significant known limitations to the data collection or calculation methodology.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Canada (CANCP040000GYQ), retrieved from FRED.