{
    "terms": {
        "url": "https://www.bankofcanada.ca/terms/"
    },
    "groupDetail": {
        "label": "Chart 16: Inflation is expected to hover near 2% as external cost pressures and domestic slack generally offset each other",
        "description": "Contribution to year-over-year CPI inflation, deviation from target, quarterly data\n\nNote: Costs includes, for example, commodity prices (including oil prices), Canadian counter-tariffs and shipping costs. Other includes, for example, base-year effects from the previous GST/HST holiday; movements in gasoline refinery margins; and inflation not attributed to the identified components, including, for example, shelter inflation. Numbers may not sum to their respective totals due to rounding.\n\nSources: Statistics Canada and Bank of Canada calculations, estimates and projections",
        "link": "https://www.bankofcanada.ca/?p=254445"
    },
    "seriesDetail": {
        "MPR_2026M07_CPI_DEVIATION_S1": {
            "label": "Costs, including energy",
            "description": "Costs, including energy",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "MPR_2026M07_CPI_DEVIATION_S2": {
            "label": "Removal of consumer carbon tax and changes to federal fuel excise tax",
            "description": "Removal of consumer carbon tax and changes to federal fuel excise tax",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "MPR_2026M07_CPI_DEVIATION_S3": {
            "label": "Output gap",
            "description": "Output gap",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "MPR_2026M07_CPI_DEVIATION_S4": {
            "label": "Other",
            "description": "Other",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        },
        "MPR_2026M07_CPI_DEVIATION_S5": {
            "label": "Total CPI inflation",
            "description": "Total CPI inflation",
            "dimension": {
                "key": "d",
                "name": "Date"
            }
        }
    },
    "observations": [
        {
            "d": "2024-10-01",
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "0.04"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.38"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "-0.1"
            }
        },
        {
            "d": "2025-01-01",
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.73"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "0.01"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.45"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.3"
            }
        },
        {
            "d": "2025-04-01",
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.02"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.03"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "-0.61"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.30"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "-0.3"
            }
        },
        {
            "d": "2025-07-01",
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.0"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.57"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "-0.61"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.10"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.06"
            }
        },
        {
            "d": "2025-10-01",
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.44"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.2"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "-0.61"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.11"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.47"
            }
        },
        {
            "d": "2026-01-01",
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.50"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.2"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.48"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "-0.61"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.17"
            }
        },
        {
            "d": "2026-04-01",
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.19"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "1.0"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "-0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "1.27"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.21"
            }
        },
        {
            "d": "2026-07-01",
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.11"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "-0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.87"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.5"
            }
        },
        {
            "d": "2026-10-01",
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.33"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.4"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.96"
            }
        },
        {
            "d": "2027-01-01",
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.15"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.21"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.2"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.56"
            }
        },
        {
            "d": "2027-04-01",
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.19"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.07"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "-0.38"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "-0.4"
            }
        },
        {
            "d": "2027-07-01",
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.24"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.1"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.05"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.16"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.03"
            }
        },
        {
            "d": "2027-10-01",
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.03"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.15"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.0"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.12"
            }
        },
        {
            "d": "2028-01-01",
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.02"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.1"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.20"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.08"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            }
        },
        {
            "d": "2028-04-01",
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.16"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.1"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "-0.01"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.06"
            }
        },
        {
            "d": "2028-07-01",
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.14"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.1"
            },
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.03"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.00"
            }
        },
        {
            "d": "2028-10-01",
            "MPR_2026M07_CPI_DEVIATION_S3": {
                "v": "-0.02"
            },
            "MPR_2026M07_CPI_DEVIATION_S2": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S4": {
                "v": "0.00"
            },
            "MPR_2026M07_CPI_DEVIATION_S1": {
                "v": "0.12"
            },
            "MPR_2026M07_CPI_DEVIATION_S5": {
                "v": "0.1"
            }
        }
    ]
}