Consumer Price Index: Food for Canada
Annual
CANCPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.10
Year-over-Year Change
33.69%
Date Range
1/1/1961 - 1/1/2017
Summary
The Annual Consumer Price Index for All Urban Consumers: Food and Beverages in the OECD measures annual changes in the cost of a basket of consumer goods and services.
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 annual index is a key indicator of inflation in the OECD countries. It tracks price changes for a broad range of consumer items, providing insight into overall economic conditions and the purchasing power of consumers.
Methodology
The data is collected through household surveys and compiled by the OECD.
Historical Context
This index is closely monitored by central banks, policymakers, and financial analysts.
Key Facts
- The index covers 37 OECD member countries.
- Food and beverages make up about 15% of the consumer basket.
- The index is released on a monthly basis with a 1-2 month lag.
FAQs
Q: What does this economic trend measure?
A: This annual index measures changes in the prices of a basket of consumer goods and services in OECD countries.
Q: Why is this trend relevant for users or analysts?
A: The Annual Consumer Price Index for Food and Beverages is a key indicator of inflation and purchasing power, making it crucial for policymakers, economists, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the OECD.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor this index to inform monetary policy decisions and assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis with a 1-2 month lag.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for All Urban Consumers: Food and Beverages in the OECD (CANCPIFODAINMEI), retrieved from FRED.