Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Canada
Index 2015=100, Quarterly
CANCPGRGO01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.47
Year-over-Year Change
7.63%
Date Range
1/1/1961 - 1/1/2025
Summary
The 'Index 2015=100, Quarterly' trend measures the inflation-adjusted gross domestic product (GDP) in Canada on a quarterly basis. This metric is crucial for economists and policymakers to assess the health and growth of 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
This index tracks changes in the overall volume of goods and services produced in Canada, adjusting for the effects of inflation. It is a widely used indicator of economic performance and a key input for macroeconomic analysis and forecasting.
Methodology
The data is collected and calculated by Statistics Canada using the expenditure-based approach to measuring GDP.
Historical Context
This trend is closely monitored by the Bank of Canada and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2015.
- Canada's GDP grew by 3.1% in 2021.
- The index is released on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted volume of goods and services produced in the Canadian economy on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This GDP index is a crucial indicator of the overall health and growth of the Canadian economy, and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada using the expenditure-based approach to measuring GDP.
Q: How is this trend used in economic policy?
A: The Bank of Canada and other government agencies use this GDP index to inform monetary and fiscal policy decisions, as it provides a comprehensive measure of economic performance.
Q: Are there update delays or limitations?
A: The index is released on a quarterly basis, with a delay of approximately two months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (CANCPGRGO01IXOBQ), retrieved from FRED.