Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Canada
CPGRLE01CAA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.08
Year-over-Year Change
280.63%
Date Range
1/1/1962 - 1/1/2022
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Canada measures changes in the prices of goods and services excluding food and energy in Canada. This metric is a key indicator of underlying inflationary pressures 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
This consumer price index (CPI) trend represents the change in prices for a comprehensive basket of goods and services in Canada, excluding volatile food and energy costs. It is used by policymakers, economists, and analysts to assess the broader state of inflation and cost-of-living pressures in the Canadian economy.
Methodology
The data is collected through surveys of prices paid by Canadian consumers.
Historical Context
This CPI trend is closely monitored by the Bank of Canada and other institutions for its implications on monetary policy and economic management.
Key Facts
- Excludes volatile food and energy costs
- Key indicator of underlying inflation
- Closely monitored by Bank of Canada
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of goods and services, excluding food and energy, that Canadian consumers purchase. It provides insight into the broader inflationary pressures in the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is an important indicator for policymakers, economists, and analysts as it helps assess the state of inflation and cost-of-living pressures in Canada, excluding the volatile food and energy sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by Canadian consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: This CPI trend is closely monitored by the Bank of Canada and other institutions for its implications on monetary policy and broader economic management in Canada.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Canada (CPGRLE01CAA657N), retrieved from FRED.