<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>CPI inflation is projected to remain close to 2%</label>
    <description><![CDATA[Contributions to CPI inflation, quarterly data

Statistics Canada and Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=243335</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M01_CPI_FORECAST_S1">
<label>CPI excluding shelter services</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M01_CPI_FORECAST_S2">
<label>CPI shelter services</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M01_CPI_FORECAST_S3">
<label>CPI inflation (year-over-year percentage change)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M01_CPI_FORECAST_S4">
<label>CPI inflation excluding temporary GST/HST holiday (year-over-year percentage change)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M01_CPI_FORECAST_S5">
<label>Target</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2023-01-01"><v s="MPR_2025M01_CPI_FORECAST_S2">1.6</v><v s="MPR_2025M01_CPI_FORECAST_S3">5.2</v><v s="MPR_2025M01_CPI_FORECAST_S1">3.6</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v></o>
<o d="2023-04-01"><v s="MPR_2025M01_CPI_FORECAST_S1">2.2</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.4</v><v s="MPR_2025M01_CPI_FORECAST_S3">3.6</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v></o>
<o d="2023-07-01"><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S3">3.7</v><v s="MPR_2025M01_CPI_FORECAST_S1">2.1</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.6</v></o>
<o d="2023-10-01"><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S3">3.3</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.5</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.7</v></o>
<o d="2024-01-01"><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.7</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.8</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.1</v></o>
<o d="2024-04-01"><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.7</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.1</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.7</v></o>
<o d="2024-07-01"><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.5</v><v s="MPR_2025M01_CPI_FORECAST_S1">0.5</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.1</v></o>
<o d="2024-10-01"><v s="MPR_2025M01_CPI_FORECAST_S2">1.4</v><v s="MPR_2025M01_CPI_FORECAST_S4">2.1</v><v s="MPR_2025M01_CPI_FORECAST_S1">0.5</v><v s="MPR_2025M01_CPI_FORECAST_S3">1.9</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v></o>
<o d="2025-01-01"><v s="MPR_2025M01_CPI_FORECAST_S4">2.4</v><v s="MPR_2025M01_CPI_FORECAST_S1">0.8</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.1</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.2</v></o>
<o d="2025-04-01"><v s="MPR_2025M01_CPI_FORECAST_S1">1.2</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.4</v><v s="MPR_2025M01_CPI_FORECAST_S4">2.4</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.2</v></o>
<o d="2025-07-01"><v s="MPR_2025M01_CPI_FORECAST_S4">2.5</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.5</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.1</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.3</v></o>
<o d="2025-10-01"><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.4</v><v s="MPR_2025M01_CPI_FORECAST_S4">2.2</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.1</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.3</v></o>
<o d="2026-01-01"><v s="MPR_2025M01_CPI_FORECAST_S3">2.4</v><v s="MPR_2025M01_CPI_FORECAST_S4">2.1</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.4</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.0</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v></o>
<o d="2026-04-01"><v s="MPR_2025M01_CPI_FORECAST_S3">2.0</v><v s="MPR_2025M01_CPI_FORECAST_S2">1.0</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.1</v><v s="MPR_2025M01_CPI_FORECAST_S4">2.0</v></o>
<o d="2026-07-01"><v s="MPR_2025M01_CPI_FORECAST_S1">1.1</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v><v s="MPR_2025M01_CPI_FORECAST_S4">2.0</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.0</v><v s="MPR_2025M01_CPI_FORECAST_S2">0.9</v></o>
<o d="2026-10-01"><v s="MPR_2025M01_CPI_FORECAST_S4">2.1</v><v s="MPR_2025M01_CPI_FORECAST_S3">2.1</v><v s="MPR_2025M01_CPI_FORECAST_S2">0.9</v><v s="MPR_2025M01_CPI_FORECAST_S1">1.2</v><v s="MPR_2025M01_CPI_FORECAST_S5">2.00</v></o>
</observations>
</data>