Chart 20: Oil prices will create upward cost pressures into 2027 https://www.bankofcanada.ca/?p=252550 Canadian counter-tariffs Canadian counter-tariffs Costs Costs Removal of consumer carbon tax and excise fuel tax Removal of consumer carbon tax and excise fuel tax Output gap Output gap Other Other Total CPI inflation Total CPI inflation 0.000.240.000.04-0.38-0.10 0.000.750.000.01-0.460.30 0.130.17-0.61-0.040.05-0.30 0.270.29-0.61-0.080.130.00 0.270.17-0.61-0.130.490.20 0.280.24-0.61-0.170.460.20 0.140.86-0.24-0.190.030.60 -0.030.87-0.24-0.20-0.200.20 -0.020.690.00-0.18-0.290.20 -0.040.290.00-0.14-0.100.00 -0.03-0.140.24-0.12-0.05-0.10 0.000.180.24-0.10-0.020.30 0.000.110.00-0.09-0.020.00 0.000.090.00-0.08-0.010.00 0.000.080.00-0.08-0.010.00 0.000.070.00-0.070.000.00 0.000.060.00-0.060.000.00