Consumer Price Index: Services Less Housing for Canada
Quarterly
CANCPISXHQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.56
Year-over-Year Change
7.71%
Date Range
1/1/1961 - 1/1/2018
Summary
The Quarterly Wholesale Inventories: Nondurable Goods measures the total dollar value of nondurable goods held in wholesale trade inventories. This metric is a key indicator of economic activity and business confidence.
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 Quarterly Wholesale Inventories: Nondurable Goods reports the end-of-quarter value of nondurable goods held by wholesalers. This data provides insights into supply chain dynamics, production planning, and expectations for future consumer demand.
Methodology
The data is collected through surveys of wholesale trade businesses by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this metric to assess the health of the wholesale trade sector and broader economic conditions.
Key Facts
- Nondurable goods account for over 60% of total wholesale inventories.
- Inventories can signal future production and consumer spending trends.
- Wholesale trade is a major component of the U.S. economy, representing over $6 trillion in annual sales.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Wholesale Inventories: Nondurable Goods measures the total dollar value of nondurable goods, such as food, clothing, and fuel, held in wholesale trade inventories.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into supply chain dynamics, production planning, and expectations for future consumer demand, making it a valuable indicator for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of wholesale trade businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the health of the wholesale trade sector and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly Wholesale Inventories: Nondurable Goods (CANCPISXHQINMEI), retrieved from FRED.