<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>US inflation rises sharply in Scenario 2</label>
    <description><![CDATA[US personal consumption expenditures inflation, year-over-year percentage change, quarterly data

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

Sources: US Bureau of Economic Analysis and Bank of Canada calculations estimates]]></description>
    <link>https://www.bankofcanada.ca/?p=245137</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2025M04_US_PCE_INFLATION_S1">
<label>Scenario 1</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_US_PCE_INFLATION_S2">
<label>Scenario 2</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2025M04_US_PCE_INFLATION_S3">
<label>January Report</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2024-01-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.67</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.67</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.67</v></o>
<o d="2024-04-01"><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.57</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.57</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.57</v></o>
<o d="2024-07-01"><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.28</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.28</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.28</v></o>
<o d="2024-10-01"><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.42</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.47</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.47</v></o>
<o d="2025-01-01"><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.32</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.43</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.43</v></o>
<o d="2025-04-01"><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.32</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.22</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.36</v></o>
<o d="2025-07-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.79</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.55</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.53</v></o>
<o d="2025-10-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.96</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.54</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.57</v></o>
<o d="2026-01-01"><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.31</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.87</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.35</v></o>
<o d="2026-04-01"><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.30</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.42</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">3.00</v></o>
<o d="2026-07-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.92</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.30</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.28</v></o>
<o d="2026-10-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.63</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.24</v><v s="MPR_2025M04_US_PCE_INFLATION_S3">2.26</v></o>
<o d="2027-01-01"><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.12</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.31</v></o>
<o d="2027-04-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">2.04</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.05</v></o>
<o d="2027-07-01"><v s="MPR_2025M04_US_PCE_INFLATION_S2">1.79</v><v s="MPR_2025M04_US_PCE_INFLATION_S1">2.00</v></o>
<o d="2027-10-01"><v s="MPR_2025M04_US_PCE_INFLATION_S1">1.97</v><v s="MPR_2025M04_US_PCE_INFLATION_S2">1.75</v></o>
</observations>
</data>