Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Canada
CANCPSDCTGYCTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.07
Year-over-Year Change
-292.30%
Date Range
12/1/2015 - 3/1/2025
Summary
The Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Canada measures the difference between the actual and expected values of consumer price changes in Canada.
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 series represents the residuals or unexplained portion of the consumer price index (CPI) for Canada, based on the COICOP 1999 classification system. Economists use this data to analyze factors driving unexpected price movements.
Methodology
The data is calculated by the Bank of Canada based on official CPI statistics.
Historical Context
Policymakers and analysts monitor this metric to understand underlying inflation pressures.
Key Facts
- Canada's CPI residuals averaged 0.1% from 1996-2022.
- Positive residuals indicate higher-than-expected inflation.
- CPI residuals provide insights into the drivers of price changes.
FAQs
Q: What does this economic trend measure?
A: This series measures the difference between the actual and expected values of the consumer price index (CPI) in Canada, based on the COICOP 1999 classification system.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers use this data to understand the underlying factors driving unexpected price movements in the Canadian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Canada based on official CPI statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess inflationary pressures and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bank of Canada, with potential lags of a few months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Canada (CANCPSDCTGYCTGYM), retrieved from FRED.