National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Canada
CANNAGICE01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.59
Year-over-Year Change
12.84%
Date Range
1/1/1961 - 7/1/2023
Summary
The Private Consumption Expenditure Deflator for Canada measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and consumer purchasing power.
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 Private Consumption Expenditure Deflator is a component of Canada's National Accounts that tracks the overall price changes in consumer spending. Economists and policymakers use it to assess the real purchasing power of households and guide monetary and fiscal policy decisions.
Methodology
The data is calculated by Statistics Canada based on a comprehensive survey of consumer expenditures.
Historical Context
The deflator is a vital input for measuring real GDP growth and assessing the state of the Canadian economy.
Key Facts
- The base year for the deflator is 2012.
- The deflator reached its highest level in 2022.
- Year-over-year changes in the deflator are closely watched by the Bank of Canada.
FAQs
Q: What does this economic trend measure?
A: The Private Consumption Expenditure Deflator measures changes in the prices paid by Canadian consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The deflator is a key indicator of consumer inflation and purchasing power, providing crucial insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Canada based on a comprehensive survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The deflator is a vital input for measuring real GDP growth and assessing the state of the Canadian economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The deflator data is published quarterly with a short lag, providing timely insights into consumer price trends.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Private Consumption Expenditure Deflator: Implicit Price Deflator Total for Canada (CANNAGICE01IXOBSAQ), retrieved from FRED.