Chart 15: CPI inflation is expected to ease temporarily below 2% before settling near target https://www.bankofcanada.ca/?p=250907 Inflation target range lower Inflation target range upper Total CPI Total CPI excluding indirect taxes Target 5.95.9213 5.25.3213 4.34.3213 4.44.3213 3.43.3213 2.82.7213 3.33.1213 4.03.9213 3.83.7213 3.13.0213 3.13.0213 3.43.3213 2.92.7213 2.82.7213 2.92.7213 2.72.5213 2.92.7213 2.72.5213 2.52.4213 2.01.8213 1.61.5213 2.01.8213 1.91.7213 1.82.2213 1.92.6213 2.62.9213 2.32.1213 1.72.3213 1.72.3213 1.92.5213 1.72.2213 1.92.4213 2.42.9213 2.22.7213 2.22.8213 2.42.5213 2.42.2213 1.82.0213 1.72.3213 2.12.2213 2.12.1213 2.02.0213