Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Canada
CANCP040100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
-65.30%
Date Range
1/1/1960 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels measures changes in the cost of housing-related expenses in Canada. This key economic indicator provides insight into inflationary pressures and informs 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 Housing CPI tracks the prices paid by Canadian consumers for actual rentals, utilities, and other housing-related goods and services. It is a critical component of the overall CPI and helps analysts assess the state of the Canadian economy and cost of living.
Methodology
The data is collected through a nationwide survey of Canadian households and businesses.
Historical Context
Policymakers and economists monitor the Housing CPI to gauge inflationary trends and inform decisions on monetary policy and household budgets.
Key Facts
- The Housing CPI accounts for over 20% of the total Canadian CPI basket.
- Housing costs have risen over 5% annually in Canada in recent years.
- Utility prices are a major driver of changes in the Housing CPI.
FAQs
Q: What does this economic trend measure?
A: The Housing CPI measures changes in the prices paid by Canadian consumers for actual rentals, utilities, and other housing-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI is a critical component of the overall CPI and provides valuable insight into inflationary pressures and the cost of living in Canada.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of Canadian households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the Housing CPI to gauge inflationary trends and inform decisions on monetary policy and household budgets.
Q: Are there update delays or limitations?
A: The Housing CPI is published monthly with a typical 1-2 month delay.
Related Trends
Purchasing Power Parity, Share of World for Canada
CANPPPSH
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
Bank's Cost to Income Ratio for Canada
DDEI07CAA156NWDB
Private Credit by Deposit Money Banks to GDP for Canada
DDDI01CAA156NWDB
Consumer Price Index: OECD Groups: Services Less Housing: Total for Canada
CANCPGRLH01GPM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Canada
CANPROINDAISMEI
Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Canada (CANCP040100GPM), retrieved from FRED.