Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada
CPGREN01CAM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.34
Year-over-Year Change
-112.39%
Date Range
1/1/1962 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Canada measures the price changes of energy-related goods and services, providing insights into national inflation and consumer spending trends.
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 Energy in Canada tracks the prices of various energy products, including gasoline, natural gas, and electricity, which are essential components of consumer expenditure. This index is a key indicator used by economists and policymakers to analyze the cost of living and the overall state of the Canadian economy.
Methodology
The data is collected by Statistics Canada through a survey of retail establishments and service providers.
Historical Context
The CPI for Energy is closely monitored by the Bank of Canada and other institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- The CPI for Energy in Canada has a base year of 2002.
- Energy accounts for around 3.5% of the total CPI basket in Canada.
- Gasoline prices are the largest component of the Energy CPI, making up over 60% of the index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Canada measures the changes in the prices of energy-related goods and services, including gasoline, natural gas, and electricity.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a crucial indicator for understanding the cost of living and the overall state of the Canadian economy, as energy is a significant component of consumer expenditure.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through a survey of retail establishments and service providers.
Q: How is this trend used in economic policy?
A: The CPI for Energy is closely monitored by the Bank of Canada and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The CPI for Energy in Canada is published monthly by Statistics Canada, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Canada (CPGREN01CAM659N), retrieved from FRED.