Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Canada
Growth rate previous period, Monthly
CANPIEAFD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.48
Year-over-Year Change
-636.41%
Date Range
1/1/1960 - 12/1/2022
Summary
The 'Growth rate previous period, Monthly' trend measures the month-over-month percent change in the Canadian Personal Income and Outlays Index. This provides insight into the pace of growth in personal income and spending, key indicators of consumer demand and economic activity.
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 Canadian Personal Income and Outlays Index tracks changes in personal income, consumption, and savings. The month-over-month growth rate in this index is an important economic indicator used by policymakers and analysts to assess the momentum of consumer spending and broader economic conditions.
Methodology
The data is collected and calculated by Statistics Canada based on household surveys.
Historical Context
Policymakers and economists monitor this trend to gauge consumer confidence and guide fiscal and monetary policy decisions.
Key Facts
- The index is published monthly with a short lag.
- Growth in personal income and spending drives around two-thirds of GDP.
- The trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Monthly' trend measures the month-over-month percent change in the Canadian Personal Income and Outlays Index.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the pace of growth in personal income and spending, which are key indicators of consumer demand and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge consumer confidence and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CANPIEAFD01GPM), retrieved from FRED.