Chart 1: CPI inflation is forecast to return to target in the second half of 2025 https://www.bankofcanada.ca/?p=240807 CPI inflation Core inflation Target 2.005.804.20 7.505.202.00 5.207.202.00 6.705.302.00 5.204.702.00 3.803.602.00 2.003.703.70 3.303.402.00 2.003.102.80 2.002.702.70 2.002.502.30 2.002.402.40 2.002.502.30 2.302.002.60 2.302.002.10 2.002.002.00 2.002.002.00 1.902.002.00 1.902.002.00 2.002.002.00