Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Canada
Index 2015=100, Annual, Not Seasonally Adjusted
CANCPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.09
Year-over-Year Change
32.20%
Date Range
1/1/1914 - 1/1/2024
Summary
The Canada Consumer Price Index (CPI) All-Items Excluding Food and Energy measures changes in the prices of a broad basket of consumer goods and services in Canada, excluding food and energy costs. This key economic indicator is closely watched by policymakers to assess inflationary pressures.
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 Canada CPI All-Items Excluding Food and Energy is a widely used metric that provides insight into broader price trends by removing volatile food and energy components. It offers a more stable measure of underlying inflation in the Canadian economy, which is important for monetary policy decisions.
Methodology
The data is collected through a national survey of consumer expenditures and calculated as a weighted average of price changes.
Historical Context
The CPI ex-food and energy is a critical input for the Bank of Canada in setting interest rates and managing inflation within its target range.
Key Facts
- Base year is 2015 = 100.
- Data is reported on an annual frequency.
- Series is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: The Canada CPI All-Items Excluding Food and Energy measures changes in the prices of a broad basket of consumer goods and services in Canada, excluding volatile food and energy costs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more stable measure of underlying inflation in the Canadian economy, which is crucial for monetary policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of consumer expenditures and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The Canada CPI ex-food and energy is a critical input for the Bank of Canada in setting interest rates and managing inflation within its target range.
Q: Are there update delays or limitations?
A: The data is reported on an annual frequency, with no seasonal adjustments.
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Citation
U.S. Federal Reserve, Canada CPI All-Items Excluding Food and Energy (CANCPIALLAINMEI), retrieved from FRED.