Consumer Price Index: Recreation and Culture (COICOP 09): Total for Canada
CANCP090000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.10
Year-over-Year Change
5.09%
Date Range
12/1/2014 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures the price changes for a basket of goods and services related to recreation, culture, and entertainment in Canada. This trend is a key indicator of inflationary pressures and consumer spending patterns in the Canadian economy.
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 COICOP 09 index tracks the costs of a wide range of recreational activities, cultural events, media, and related services. It is an important component of the overall Consumer Price Index and helps policymakers and analysts understand consumer behavior and price dynamics in the leisure and entertainment sector.
Methodology
The data is collected through a survey of Canadian households and businesses, and the index is calculated using a weighted average of price changes for the basket of goods and services.
Historical Context
This trend is used by the Bank of Canada and other economic institutions to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The COICOP 09 index has a base year of 2002 = 100.
- Recreation and culture account for approximately 8% of the total Canadian CPI basket.
- The index reached a record high of 131.4 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures the price changes for a basket of goods and services related to recreation, culture, and entertainment in Canada.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of inflationary pressures and consumer spending patterns in the leisure and entertainment sector, which is a significant component of the Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of Canadian households and businesses, and the index is calculated using a weighted average of price changes for the basket of goods and services.
Q: How is this trend used in economic policy?
A: The COICOP 09 index is used by the Bank of Canada and other economic institutions to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The COICOP 09 index is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Canada (CANCP090000IXNBM), retrieved from FRED.