{ "terms": { "url": "https://www.bankofcanada.ca/terms/" }, "groupDetail": { "label": "Chart 15: CPI inflation is expected to ease temporarily below 2% before settling near target", "description": "Year-over-year percentage change, monthly data\n\nSources: Statistics Canada and Bank of Canada calculations and estimates", "link": "https://www.bankofcanada.ca/?p=250907" }, "seriesDetail": { "MPR_2026M01_CPI_M_FORECAST_S1": { "label": "Inflation target range lower", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2026M01_CPI_M_FORECAST_S2": { "label": "Inflation target range upper", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2026M01_CPI_M_FORECAST_S3": { "label": "Total CPI", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2026M01_CPI_M_FORECAST_S4": { "label": "Total CPI excluding indirect taxes", "description": "", "dimension": { "key": "d", "name": "Date" } }, "MPR_2026M01_CPI_M_FORECAST_S5": { "label": "Target", "description": "", "dimension": { "key": "d", "name": "Date" } } }, "observations": [ { "d": "2023-01-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "5.9" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "5.9" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-02-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "5.2" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "5.3" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-03-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "4.3" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "4.3" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-04-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "4.4" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "4.3" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-05-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "3.4" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "3.3" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-06-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.8" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.7" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-07-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "3.3" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "3.1" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-08-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "4.0" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "3.9" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-09-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "3.8" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "3.7" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-10-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "3.1" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "3.0" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-11-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "3.1" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "3.0" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2023-12-01", 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"MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-04-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.7" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.5" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-05-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.9" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.7" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-06-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.7" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.5" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-07-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.5" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.4" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-08-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.0" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "1.8" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-09-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "1.6" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "1.5" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-10-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "2.0" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "1.8" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2024-11-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "1.9" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "1.7" }, 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"MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.1" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2025-04-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "1.7" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.3" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2025-05-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "1.7" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.3" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2025-06-01", "MPR_2026M01_CPI_M_FORECAST_S3": { "v": "1.9" }, "MPR_2026M01_CPI_M_FORECAST_S4": { "v": "2.5" }, "MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } }, { "d": "2025-07-01", 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"MPR_2026M01_CPI_M_FORECAST_S5": { "v": "2" }, "MPR_2026M01_CPI_M_FORECAST_S1": { "v": "1" }, "MPR_2026M01_CPI_M_FORECAST_S2": { "v": "3" } } ] }