Consumer Price Index: Transport (COICOP 07): Total for Canada
CANCP070000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.17
Year-over-Year Change
24.76%
Date Range
1/1/2015 - 7/1/2023
Summary
The Consumer Price Index: Transport (COICOP 07): Total for Canada measures the change in prices for transportation goods and services in the Canadian consumer market.
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 is a key indicator of inflationary pressures and consumer spending power in the Canadian economy. It is used by policymakers, economists, and analysts to assess the overall cost of living and make informed decisions.
Methodology
The data is collected through surveys of Canadian households and businesses by Statistics Canada.
Historical Context
The transport CPI is a crucial input for the Bank of Canada's monetary policy decisions.
Key Facts
- The transport CPI has a 16.4% weight in the overall Canadian CPI basket.
- Prices for private transportation make up over 70% of the transport CPI.
- The transport CPI reached a record high in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for Canada measures the change in prices for a basket of transportation goods and services purchased by Canadian consumers.
Q: Why is this trend relevant for users or analysts?
A: The transport CPI is a key indicator of inflationary pressures and consumer spending power in Canada, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and business surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: The transport CPI is a crucial input for the Bank of Canada's monetary policy decisions, as it reflects changes in the cost of living and consumer spending patterns.
Q: Are there update delays or limitations?
A: The transport CPI data is published monthly by Statistics Canada with a typical release lag of around 2 weeks.
Related Trends
Bank's Return on Assets for Canada
DDEI05CAA156NWDB
Production: Industry: Total Industry Excluding Construction for Canada
PRINTO01CAA659S
Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Canada
PIEAFD01CAQ661N
Sales: Retail trade: Total retail trade: Volume for Canada
CANSLRTTO01MLM
Bank Deposits to GDP for Canada
DDOI02CAA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Canada
CANCP040200GYM
Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Canada (CANCP070000IXNBQ), retrieved from FRED.