Despite some bumpiness in the near term, CPI inflation is expected to remain close to the 2% target https://www.bankofcanada.ca/?p=241424 Total CPI (year-over-year percentage change, left scale) Goods excluding energy and food in stores (right scale) Energy (right scale) Food in stores (right scale) Services excluding shelter (right scale) Shelter services (right scale) 5.101.131.440.740.381.39 5.701.211.560.890.541.49 6.701.581.851.020.621.64 6.801.511.751.130.581.81 7.701.662.281.120.901.74 8.101.762.561.101.051.63 7.601.661.881.131.331.59 7.001.591.311.251.281.58 6.901.720.991.311.251.62 6.901.701.161.261.141.66 6.801.590.991.291.211.72 6.301.560.561.271.211.71 5.901.430.431.311.031.72 5.201.38-0.031.171.051.63 4.301.17-0.521.071.101.47 4.401.25-0.311.021.011.43 3.401.02-0.981.010.911.46 2.800.88-1.191.000.671.46 3.300.77-0.620.950.681.52 4.000.900.120.780.551.67 3.800.710.370.650.401.68 3.100.52-0.400.600.551.81 3.100.59-0.420.520.611.79 3.400.66-0.030.530.411.82 2.900.47-0.170.390.411.82 2.800.260.080.280.371.83 2.900.120.200.220.521.86 2.700.020.300.150.461.75 2.900.020.260.170.671.76 2.70-0.120.030.230.791.75 2.50-0.140.030.220.711.67 2.00-0.24-0.320.270.621.65 1.60-0.16-0.600.250.621.51 2.000.00-0.190.260.451.47 2.30-0.090.040.260.651.44 2.30-0.04-0.030.260.681.42 2.300.04-0.010.250.641.38 2.400.21-0.250.330.711.41 2.400.28-0.260.380.631.37