Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Imputed Rentals for Housing: Total for Canada
CANCP040200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
40.61%
Date Range
1/1/1960 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in Canada measures changes in the cost of imputed rentals for housing, including utility costs. This metric is a key indicator of inflation and cost of living trends for Canadian households.
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 Imputed Rentals for Housing in Canada tracks the estimated cost of shelter services consumed by owner-occupiers and renters. It is an important component of the overall CPI, which is widely used by policymakers, economists, and the public to assess inflationary pressures and the real purchasing power of Canadian consumers.
Methodology
This CPI component is calculated by Statistics Canada based on surveys of rental and homeowner costs.
Historical Context
Trends in imputed housing costs help inform monetary policy decisions by the Bank of Canada and provide insight into consumer spending patterns.
Key Facts
- Canada's CPI for imputed housing costs rose 5.2% in the past year.
- Shelter costs account for about 30% of the total Canadian CPI basket.
- Imputed rents are a major driver of inflation trends in Canada.
FAQs
Q: What does this economic trend measure?
A: This CPI component measures changes in the estimated cost of shelter services consumed by owner-occupiers and renters in Canada.
Q: Why is this trend relevant for users or analysts?
A: Trends in imputed housing costs are a key input for assessing overall consumer inflation and the real purchasing power of Canadian households.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on surveys of rental and homeowner costs.
Q: How is this trend used in economic policy?
A: Imputed housing cost trends help inform monetary policy decisions by the Bank of Canada and provide insight into consumer spending patterns.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely insight into housing inflation.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Imputed Rentals for Housing: Total for Canada (CANCP040200GPM), retrieved from FRED.