Core inflation is projected to gradually decline to 2% https://www.bankofcanada.ca/?p=241424 Target CPI inflation Core inflation 25.84.2 7.55.32 5.37.22 6.75.42 5.24.72 3.93.62 23.73.7 3.33.42 23.12.8 22.72.8 22.52.1 22.12.3 22.32.3 2.322.3 2.322.2 2.02.12 2.02.02 2.02.02 2.02.02 2.02.02