<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 25: In an illustrative scenario, inflation pressures broaden beyond energy and food</label>
    <description><![CDATA[Year-over-year percentage change, quarterly data

Note: The Bank of Canada developed an illustrative scenario in which oil prices remain at US$100 per barrel beyond the projection horizon.

Sources: Statistics Canada and Bank of Canada calculations, estimates and projections]]></description>
    <link>https://www.bankofcanada.ca/?p=252550</link>
</groupDetail>
<seriesDetail>
<series id="MPR_2026M04_SCENARIO_CPI_S1">
<label>Base-case projection</label>
<description>Base-case projection</description>
<dimension key="d" name="Date"/>
</series>
<series id="MPR_2026M04_SCENARIO_CPI_S2">
<label>Illustrative scenario with persistently higher energy prices</label>
<description>Illustrative scenario with persistently higher energy prices</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2025-01-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.3</v></o>
<o d="2025-04-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">1.7</v></o>
<o d="2025-07-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v></o>
<o d="2025-10-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.2</v></o>
<o d="2026-01-01"><v s="MPR_2026M04_SCENARIO_CPI_S2">2.2</v><v s="MPR_2026M04_SCENARIO_CPI_S1">2.2</v></o>
<o d="2026-04-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.6</v><v s="MPR_2026M04_SCENARIO_CPI_S2">2.9</v></o>
<o d="2026-07-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.2</v><v s="MPR_2026M04_SCENARIO_CPI_S2">2.8</v></o>
<o d="2026-10-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.2</v><v s="MPR_2026M04_SCENARIO_CPI_S2">3.0</v></o>
<o d="2027-01-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v><v s="MPR_2026M04_SCENARIO_CPI_S2">3.1</v></o>
<o d="2027-04-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">1.9</v><v s="MPR_2026M04_SCENARIO_CPI_S2">2.8</v></o>
<o d="2027-07-01"><v s="MPR_2026M04_SCENARIO_CPI_S2">3.0</v><v s="MPR_2026M04_SCENARIO_CPI_S1">2.3</v></o>
<o d="2027-10-01"><v s="MPR_2026M04_SCENARIO_CPI_S2">2.6</v><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v></o>
<o d="2028-01-01"><v s="MPR_2026M04_SCENARIO_CPI_S2">2.5</v><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v></o>
<o d="2028-04-01"><v s="MPR_2026M04_SCENARIO_CPI_S2">2.4</v><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v></o>
<o d="2028-07-01"><v s="MPR_2026M04_SCENARIO_CPI_S2">2.3</v><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v></o>
<o d="2028-10-01"><v s="MPR_2026M04_SCENARIO_CPI_S1">2.0</v><v s="MPR_2026M04_SCENARIO_CPI_S2">2.2</v></o>
</observations>
</data>