Consumer Price Index: Recreation and Culture (COICOP 09): Total for Canada
CANCP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.57
Year-over-Year Change
10.67%
Date Range
1/1/2015 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Canada measures the cost of goods and services related to recreational activities and cultural participation. This metric is a key indicator of consumer spending patterns and overall economic conditions.
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 Recreation and Culture CPI tracks the prices of a basket of goods and services that Canadians purchase for leisure, entertainment, and cultural activities. It is an important component of the broader CPI, which is used to monitor inflation and guide economic policymaking.
Methodology
The data is collected through surveys of Canadian households and businesses, then aggregated and adjusted for seasonal variations.
Historical Context
The Recreation and Culture CPI provides insight into consumer behavior and the health of Canada's services and entertainment sectors.
Key Facts
- The CPI for Recreation and Culture has a base year of 2002.
- This index includes spending on items like sports equipment, cultural events, and recreational travel.
- The Recreation and Culture CPI is a component of the overall Canadian Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture in Canada measures the cost of goods and services related to leisure, entertainment, and cultural activities.
Q: Why is this trend relevant for users or analysts?
A: The Recreation and Culture CPI provides insight into consumer spending patterns and the overall health of Canada's services and entertainment sectors, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses, then aggregated and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: The Recreation and Culture CPI is a component of the broader Canadian Consumer Price Index, which is used to monitor inflation and guide economic policymaking.
Q: Are there update delays or limitations?
A: The Recreation and Culture CPI data is published on a monthly basis with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Canada (CANCP090000IXNBQ), retrieved from FRED.