Share Prices: All Shares/Broad: Total for Canada
Growth rate same period previous year, Monthly
CANSPASTT01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.49
Year-over-Year Change
115.96%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the year-over-year growth rate of the Canadian consumer price index on a monthly basis. It provides valuable insights into the pace of inflation in the Canadian economy.
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 growth rate same period previous year, monthly indicator tracks changes in the Canadian consumer price index compared to the same month in the prior year. This metric is widely used by economists and policymakers to monitor inflationary pressures and inform monetary policy decisions.
Methodology
The data is collected through comprehensive surveys of consumer prices across Canada and calculated as a percentage change from the prior year.
Historical Context
This inflation metric is a key input for the Bank of Canada's monetary policy framework and helps guide interest rate decisions.
Key Facts
- Canada's annual inflation rate was 6.8% as of December 2022.
- The Bank of Canada aims to keep inflation within a 1-3% target range.
- Rising prices have prompted the central bank to raise interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Canadian consumer price index on a monthly basis, providing insights into the pace of inflation in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is a key input for the Bank of Canada's monetary policy framework and helps guide interest rate decisions to maintain price stability.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of consumer prices across Canada and calculated as a percentage change from the prior year.
Q: How is this trend used in economic policy?
A: This inflation indicator is closely monitored by the Bank of Canada and other policymakers to assess the need for adjustments to monetary policy in order to achieve the central bank's inflation target.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of a few weeks, and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Canada
CANCP040100GPM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Canada
CANCP070000CTGYM
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Canada
CANCP110000IXNBQ
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada
LRIN64TTCAA156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada
CANCPIENGAINMEI
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Canada
CANFCLODCXDC
Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CANSPASTT01GYM), retrieved from FRED.