Chart 19: CPI inflation is expected to peak in the second quarter and then begin to decline https://www.bankofcanada.ca/?p=252550 Food Food Goods excluding food and energy Goods excluding food and energy Shelter Shelter Services excluding shelter Services excluding shelter Energy Energy Total CPI Total CPI 0.30.02.80.51.70.3 0.20.22.70.61.70.0 2.10.71.6-0.30.3-0.1 1.30.51.90.3-0.1-0.1 2.30.60.11.10.30.2 0.40.8-0.80.41.01.7 0.80.42.0-0.50.50.8 0.5-0.41.00.50.72.2 0.50.52.2-0.40.51.1 0.40.50.32.60.41.0 0.40.12.21.00.40.3 2.20.80.40.40.30.3