Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Canada
CANCPGRLH01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-93.28%
Date Range
1/1/1962 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Canada tracks changes in the prices of non-housing services, a key indicator of domestic 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
This CPI series excludes housing costs and focuses on the prices of other services consumed by Canadian households, such as transportation, healthcare, and recreation. It is a valuable metric for economists and policymakers to assess broader price trends beyond the volatile housing market.
Methodology
The data is collected through surveys of consumer expenditures and prices by Statistics Canada.
Historical Context
The CPI for Services Less Housing is used to guide monetary policy decisions by the Bank of Canada.
Key Facts
- The base year for this CPI series is 2002.
- Services account for over 60% of the total CPI basket in Canada.
- Excluding housing costs provides a better gauge of underlying domestic price pressures.
FAQs
Q: What does this economic trend measure?
A: This CPI series measures changes in the prices of services consumed by Canadian households, excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services Less Housing is an important indicator of broader inflationary pressures in the Canadian economy, beyond the volatile housing market.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by Statistics Canada.
Q: How is this trend used in economic policy?
A: The CPI for Services Less Housing is used by the Bank of Canada to guide monetary policy decisions and maintain price stability.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Canada with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Canada (CANCPGRLH01GYM), retrieved from FRED.