Consumer Price Index: All Items: City: Total for Canada
CPALCY01CAM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.19
Year-over-Year Change
4.10%
Date Range
1/1/1961 - 11/1/2023
Summary
The Consumer Price Index (CPI) for All Items: City: Total for Canada measures the average change over time in the prices paid by Canadian consumers for a fixed basket of goods and services. It is a key indicator of inflation and an important tool for economic policymakers.
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 CPI for All Items: City: Total for Canada is a comprehensive measure of the cost of living for Canadian consumers. It tracks the prices of a wide range of consumer goods and services, providing insights into changes in purchasing power and inflationary pressures in the Canadian economy.
Methodology
The data is collected by Statistics Canada through a nationwide survey of consumer expenditures.
Historical Context
The CPI is used by the Bank of Canada and other policymakers to guide monetary policy decisions and manage inflation targets.
Key Facts
- The CPI base year is 2002.
- Canada's CPI rose 6.8% in 2022 compared to 2021.
- The CPI is published monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items: City: Total for Canada measures the average change over time in the prices paid by Canadian consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in the Canadian economy and is closely watched by policymakers, economists, and consumers to understand changes in purchasing power and the cost of living.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through a nationwide survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The CPI is used by the Bank of Canada and other policymakers to guide monetary policy decisions and manage inflation targets.
Q: Are there update delays or limitations?
A: The CPI is published monthly by Statistics Canada with no significant update delays.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Canada
CANCP090000GYM
International Trade: Exports: Value (Goods): Total for Canada
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Canada
CANCP030000GYQ
Nominal External Balance of Goods and Services for Canada
NNXGSSAXDCCAQ
Amount Outstanding of Domestic Money Market instruments in Financial Corporations Sector, Short-Term at Original Maturity, Residence of Issuer in Canada
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Total Credit to Private Non-Financial Sector, Unadjusted for Breaks, for Canada
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: City: Total for Canada (CPALCY01CAM661N), retrieved from FRED.