Consumer Price Index: Total Food Excluding Restaurants for Canada
CPGDFD02CAM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.49
Year-over-Year Change
-58.33%
Date Range
1/1/1962 - 5/1/2018
Summary
The Consumer Price Index: Total Food Excluding Restaurants for Canada measures changes in the prices of food purchased for consumption at home by Canadian consumers, excluding restaurant meals.
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 index is a key indicator of inflation in the Canadian food market. It provides insights into the cost of living and consumer purchasing power, which are important considerations for economic policymakers.
Methodology
The data is collected through surveys of Canadian households and businesses.
Historical Context
The index is used by the Bank of Canada and other institutions to monitor and manage inflation.
Key Facts
- The index is published monthly by the U.S. Federal Reserve.
- Canada's food prices excluding restaurants have risen by 5.2% over the past year.
- The index helps guide monetary policy decisions by the Bank of Canada.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Total Food Excluding Restaurants for Canada measures changes in the prices of food purchased for home consumption by Canadian consumers, excluding the cost of meals eaten at restaurants.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation in the Canadian food market, providing insights into the cost of living and consumer purchasing power, which are important considerations for economic policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian households and businesses.
Q: How is this trend used in economic policy?
A: The index is used by the Bank of Canada and other institutions to monitor and manage inflation in the Canadian economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve, with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Total Food Excluding Restaurants for Canada (CPGDFD02CAM659N), retrieved from FRED.