Chart 4: High gasoline prices lifted inflation above 3% in May https://www.bankofcanada.ca/?p=254445 Total CPI Total CPI Total CPI excluding gasoline Total CPI excluding gasoline Average of CPI-trim and CPI-median Average of CPI-trim and CPI-median Target Target 3.62.93.22 3.32.82.92 3.32.92.82 3.02.72.52 3.22.92.82 3.12.72.82 2.82.52.52 2.62.02.22 2.61.62.22 2.82.02.22 2.71.92.02 2.51.81.82 2.71.91.72 2.82.62.62 2.82.32.52 3.11.72.62 3.01.72.52 3.01.92.52 3.11.72.52 3.01.92.42 3.12.42.62 3.02.22.62 2.92.22.62 2.72.43.02 2.52.33.02 2.31.82.42 2.32.42.22 2.12.82.02 2.13.22.22 2.03.12.52 2.02.72.12 2.02.52.32 1.92.52.22