Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Canada
CANCP080000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
-103.48%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Index for Communication measures changes in the prices of communication-related goods and services in Canada. It is a key indicator of inflation and consumer purchasing power.
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 Communication component of the Consumer Price Index (CPI) tracks the prices of items like telephone and internet services, postage, and equipment for communication. It is a vital metric for assessing the cost of living and overall price trends in the Canadian economy.
Methodology
The data is collected through a nationwide survey of retail prices by Statistics Canada.
Historical Context
The Communication CPI is used by policymakers, economists, and markets to understand inflationary pressures and consumer behavior.
Key Facts
- The Communication CPI has a base year of 1999.
- Communication accounts for approximately 3.5% of the total Canadian CPI basket.
- Telephone services make up the largest share of the Communication CPI.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices of telephone, internet, postal, and other communication-related goods and services in Canada.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is a crucial indicator of inflationary pressures and consumer purchasing power related to communication services and technologies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers, economists, and markets to understand inflationary trends and consumer behavior related to communication services.
Q: Are there update delays or limitations?
A: The Communication CPI data is typically published on a monthly basis with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Canada (CANCP080000GYM), retrieved from FRED.