Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Canada
CANCPGRLH01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.22
Year-over-Year Change
7.79%
Date Range
1/1/1961 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Canada measures the change in prices for a basket of consumer services excluding housing. This metric 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 CPI for Services Less Housing in Canada tracks the price changes in a variety of service categories such as transportation, healthcare, recreation, and other services. It excludes the housing component, providing a more targeted view of inflationary pressures in the broader services sector.
Methodology
The data is collected through surveys of prices paid by Canadian consumers for a representative basket of goods and services.
Historical Context
This CPI metric is closely monitored by the Bank of Canada and other policymakers to assess the state of the economy and inform monetary policy decisions.
Key Facts
- The base year for this CPI series is 2002.
- Services account for over 60% of the total CPI basket in Canada.
- The CPI for Services Less Housing has risen by an average of 2.3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing in Canada measures the change in prices for a basket of consumer services, excluding the housing component.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more targeted view of inflationary pressures in the services sector, which is a key driver of the overall Canadian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Canadian consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The CPI for Services Less Housing is closely monitored by the Bank of Canada and other policymakers to assess the state of the economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Canada (CANCPGRLH01IXOBQ), retrieved from FRED.