<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Inflation temporarily falls below 2% in Scenario 1 and inflation temporarily declines before rising above 3% in Scenario 2</label>
    <description><![CDATA[Year-over-year percentage change, quarterly data

Note: The assumptions and scenarios were finalized on April 11, 2025.

Sources: Statistics Canada and Bank of Canada calculations and estimates]]></description>
    <link>https://www.bankofcanada.ca/?p=245137</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M04_CPI_GROW_S1">
<label>Scenario 1</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_CPI_GROW_S2">
<label>Scenario 2</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_CPI_GROW_S3">
<label>January Report</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2025M04_CPI_GROW_S2">2.8</v><v s="MPR_2025M04_CPI_GROW_S1">2.8</v><v s="MPR_2025M04_CPI_GROW_S3">2.8</v></o>
<o d="2024-04-01"><v s="MPR_2025M04_CPI_GROW_S1">2.7</v><v s="MPR_2025M04_CPI_GROW_S2">2.7</v><v s="MPR_2025M04_CPI_GROW_S3">2.7</v></o>
<o d="2024-07-01"><v s="MPR_2025M04_CPI_GROW_S3">2.1</v><v s="MPR_2025M04_CPI_GROW_S2">2.1</v><v s="MPR_2025M04_CPI_GROW_S1">2.1</v></o>
<o d="2024-10-01"><v s="MPR_2025M04_CPI_GROW_S3">1.9</v><v s="MPR_2025M04_CPI_GROW_S1">1.9</v><v s="MPR_2025M04_CPI_GROW_S2">1.9</v></o>
<o d="2025-01-01"><v s="MPR_2025M04_CPI_GROW_S3">2.1</v><v s="MPR_2025M04_CPI_GROW_S2">2.4</v><v s="MPR_2025M04_CPI_GROW_S1">2.4</v></o>
<o d="2025-04-01"><v s="MPR_2025M04_CPI_GROW_S3">2.4</v><v s="MPR_2025M04_CPI_GROW_S1">1.5</v><v s="MPR_2025M04_CPI_GROW_S2">1.5</v></o>
<o d="2025-07-01"><v s="MPR_2025M04_CPI_GROW_S2">1.9</v><v s="MPR_2025M04_CPI_GROW_S3">2.5</v><v s="MPR_2025M04_CPI_GROW_S1">1.6</v></o>
<o d="2025-10-01"><v s="MPR_2025M04_CPI_GROW_S2">2.3</v><v s="MPR_2025M04_CPI_GROW_S1">1.7</v><v s="MPR_2025M04_CPI_GROW_S3">2.4</v></o>
<o d="2026-01-01"><v s="MPR_2025M04_CPI_GROW_S1">1.4</v><v s="MPR_2025M04_CPI_GROW_S2">2.2</v><v s="MPR_2025M04_CPI_GROW_S3">2.4</v></o>
<o d="2026-04-01"><v s="MPR_2025M04_CPI_GROW_S3">2.0</v><v s="MPR_2025M04_CPI_GROW_S1">2.2</v><v s="MPR_2025M04_CPI_GROW_S2">3.1</v></o>
<o d="2026-07-01"><v s="MPR_2025M04_CPI_GROW_S2">2.9</v><v s="MPR_2025M04_CPI_GROW_S1">2.1</v><v s="MPR_2025M04_CPI_GROW_S3">2.0</v></o>
<o d="2026-10-01"><v s="MPR_2025M04_CPI_GROW_S2">2.5</v><v s="MPR_2025M04_CPI_GROW_S1">2.2</v><v s="MPR_2025M04_CPI_GROW_S3">2.1</v></o>
<o d="2027-01-01"><v s="MPR_2025M04_CPI_GROW_S1">2.2</v><v s="MPR_2025M04_CPI_GROW_S2">2.2</v></o>
<o d="2027-04-01"><v s="MPR_2025M04_CPI_GROW_S2">2.0</v><v s="MPR_2025M04_CPI_GROW_S1">2.1</v></o>
<o d="2027-07-01"><v s="MPR_2025M04_CPI_GROW_S2">1.9</v><v s="MPR_2025M04_CPI_GROW_S1">2.1</v></o>
<o d="2027-10-01"><v s="MPR_2025M04_CPI_GROW_S1">2.1</v><v s="MPR_2025M04_CPI_GROW_S2">1.9</v></o>
</observations>
</data>