Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Canada
Index 2015=100
CANCPICORAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.60
Year-over-Year Change
32.09%
Date Range
1/1/1961 - 1/1/2024
Summary
The Index 2015=100 measures the trend in consumer prices in Canada, providing a key indicator of inflation for policymakers and analysts.
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 price level of consumer goods and services in Canada. It is a widely followed metric used to assess the cost of living and guide monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated as an index with a base year of 2015.
Historical Context
Central banks and governments closely monitor this index to inform interest rate adjustments and fiscal policies.
Key Facts
- The base year for this index is 2015.
- Canada's inflation rate reached a high of 6.9% in 2022.
- The index is published monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100 measures changes in the overall price level of consumer goods and services in Canada.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and the cost of living, making it essential for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Central banks and governments closely monitor this index to inform interest rate adjustments and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Canada with minimal delays.
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Citation
U.S. Federal Reserve, Index 2015=100 (CANCPICORAINMEI), retrieved from FRED.