Price Level of Government Consumption for Canada
PLOGINCAA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.55
Year-over-Year Change
43.75%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Canada measures the prices paid by the Canadian government for its consumption of goods and services. This indicator is a key metric for understanding the Canadian government's fiscal policy and spending pressures.
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 Price Level of Government Consumption for Canada is an index that tracks changes in the prices the Canadian government pays for its consumption, including spending on public services, infrastructure, and other government operations. This metric is used by economists and policymakers to assess inflationary pressures and the real value of government spending over time.
Methodology
The data is collected by Statistics Canada through surveys of government agencies and suppliers.
Historical Context
Trends in the price level of government consumption are closely monitored by the Bank of Canada and other institutions to inform fiscal and monetary policy decisions.
Key Facts
- The index is based on 2012 prices.
- Prices rose 2.1% in 2021 compared to 2020.
- The index reached a record high in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Canada tracks the prices paid by the Canadian government for its consumption of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess inflationary pressures and the real value of government spending over time, which informs fiscal and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys of government agencies and suppliers.
Q: How is this trend used in economic policy?
A: Trends in the price level of government consumption are closely monitored by the Bank of Canada and other institutions to inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing a timely indicator of government spending pressures.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Canada (PLOGINCAA623NUPN), retrieved from FRED.