{
  "id": "consumer-prices-victoria",
  "category": "Cost of living",
  "title": "How fast prices are rising in Victoria",
  "geography": "Victoria (Statistics Canada city index)",
  "scope": "city",
  "levels": [
    "Bank of Canada and Government of Canada (inflation-control target)",
    "Many market and global factors"
  ],
  "plain_question": "Compared with a year ago, how much more does a typical basket of goods and services cost?",
  "value": 3.4,
  "display_value": "3.4%",
  "unit": "% change in the Consumer Price Index over 12 months (all items)",
  "period": "September 2026",
  "period_start": "2025-09-01",
  "period_end": "2026-09-01",
  "comparison": {
    "previous_period": "September 2025",
    "previous_value": 2.4,
    "change_percent": 1.0,
    "change_unit": "percentage points"
  },
  "trend": "context",
  "trend_basis": "Prices were 3.4% higher than a year earlier in September 2026, compared with 2.4% a year before that (September 2025). Index level 160.9. Same month: B.C. 3.0%, Canada 3.1%. The federal inflation-control target is 2%. Over five years the price level rose +19.8% (index 134.3 in September 2021 to 160.9 in September 2026).",
  "compare_text": "B.C. 3.0%, Canada 3.1%; federal target 2%",
  "reference_lines": [
    {
      "value": 2.0,
      "label": "2% inflation-control target, set by the Government of Canada and the Bank of Canada (target applies to Canada)",
      "source": "Government of Canada and Bank of Canada, joint statement renewing the 2% inflation-control target (November 2026; target runs to December 31, 2031)",
      "url": "https://www.bankofcanada.ca/2026/11/joint-statement-of-the-government-of-canada-and-the-bank-of-canada-on-the-renewal-of-the-monetary-policy-framework-2026/",
      "short": "2% target (applies to Canada)",
      "style": "higher",
      "end": "2% (Canada)"
    }
  ],
  "direction_good": "down",
  "right_direction": "This page is for context, so it has no “better” or “worse” label: inflation that is too low can also be a problem. It is shown next to B.C., Canada and the 2% target that the Government of Canada and the Bank of Canada have set for the national rate.",
  "caveats": [
    "The 12-month percentage is calculated here from Statistics Canada's published monthly index values (this month's index divided by the same month a year earlier).",
    "The five-year figure is the change in the price level itself: the index in September 2026 (160.9) divided by the index in September 2021 (134.3), not a change in the inflation rate. The index is 100 in 2002.",
    "It measures the average basket for a typical household. Your own costs, especially rent and food, may move differently; the index does not show what any one household pays.",
    "Prices rising more slowly does not mean prices are falling or that the level is back where it was.",
    "The index is for the Victoria urban area as defined by Statistics Canada, and monthly values are not seasonally adjusted.",
    "Longer views (10 years and more) show one figure a year: the change in the annual average index (Statistics Canada table 18-10-0005-01). They start in 1996 because Statistics Canada changed how city indexes are calculated in January 1995. The 5-year view shows each month."
  ],
  "charts": [
    {
      "title": "Prices compared with a year earlier",
      "fmt": "dec1",
      "unit": "%",
      "refs": [
        {
          "value": 2.0,
          "label": "2% inflation-control target, set by the Government of Canada and the Bank of Canada (target applies to Canada)",
          "source": "Government of Canada and Bank of Canada, joint statement renewing the 2% inflation-control target (November 2026; target runs to December 31, 2031)",
          "url": "https://www.bankofcanada.ca/2026/11/joint-statement-of-the-government-of-canada-and-the-bank-of-canada-on-the-renewal-of-the-monetary-policy-framework-2026/",
          "short": "2% target (applies to Canada)",
          "style": "higher",
          "end": "2% (Canada)"
        },
        {
          "key": "boc_band",
          "style": "band",
          "label": "1% to 3% inflation-control range, set by the Government of Canada and the Bank of Canada (applies to Canada)",
          "short": "1% to 3% range (applies to Canada)",
          "area": "Canada",
          "source": "Government of Canada and Bank of Canada, Joint statement renewing the 2% inflation-control target (November 2026)",
          "url": "https://www.bankofcanada.ca/2026/11/joint-statement-of-the-government-of-canada-and-the-bank-of-canada-on-the-renewal-of-the-monetary-policy-framework-2026/",
          "band": [
            1,
            3
          ],
          "end": "1% to 3% (Canada)"
        }
      ],
      "lines": [
        {
          "name": "Victoria",
          "area": "cpi",
          "series": [
            {
              "period": "2021-09",
              "value": 2.4
            },
            {
              "period": "2021-10",
              "value": 2.6
            },
            {
              "period": "2021-11",
              "value": 3.2
            },
            {
              "period": "2021-12",
              "value": 3.4
            },
            {
              "period": "2022-01",
              "value": 4.3
            },
            {
              "period": "2022-02",
              "value": 5.0
            },
            {
              "period": "2022-03",
              "value": 6.1
            },
            {
              "period": "2022-04",
              "value": 6.9
            },
            {
              "period": "2022-05",
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            },
            {
              "period": "2022-06",
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            },
            {
              "period": "2022-07",
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            },
            {
              "period": "2022-08",
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            },
            {
              "period": "2022-09",
              "value": 8.0
            },
            {
              "period": "2022-10",
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            },
            {
              "period": "2022-11",
              "value": 6.7
            },
            {
              "period": "2022-12",
              "value": 6.4
            },
            {
              "period": "2023-01",
              "value": 6.5
            },
            {
              "period": "2023-02",
              "value": 6.0
            },
            {
              "period": "2023-03",
              "value": 5.1
            },
            {
              "period": "2023-04",
              "value": 4.3
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            {
              "period": "2023-05",
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            {
              "period": "2023-06",
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            {
              "period": "2023-07",
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            {
              "period": "2023-08",
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            {
              "period": "2023-09",
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            {
              "period": "2023-10",
              "value": 2.3
            },
            {
              "period": "2023-11",
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            },
            {
              "period": "2023-12",
              "value": 2.8
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            {
              "period": "2024-01",
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            },
            {
              "period": "2024-02",
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            {
              "period": "2024-03",
              "value": 2.3
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            {
              "period": "2024-04",
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              "period": "2024-05",
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            {
              "period": "2024-06",
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            {
              "period": "2024-07",
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              "period": "2024-08",
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            {
              "period": "2024-09",
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              "period": "2024-11",
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            {
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              "period": "2025-01",
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            {
              "period": "2025-02",
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            {
              "period": "2025-03",
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            {
              "period": "2025-04",
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            {
              "period": "2025-05",
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            {
              "period": "2025-06",
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            {
              "period": "2025-07",
              "value": 2.0
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            {
              "period": "2025-08",
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            {
              "period": "2025-09",
              "value": 2.4
            },
            {
              "period": "2025-10",
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            },
            {
              "period": "2025-11",
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            {
              "period": "2025-12",
              "value": 2.4
            },
            {
              "period": "2026-01",
              "value": 2.4
            },
            {
              "period": "2026-02",
              "value": 2.1
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            {
              "period": "2026-03",
              "value": 2.7
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            {
              "period": "2026-04",
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            {
              "period": "2026-05",
              "value": 3.3
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            {
              "period": "2026-06",
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            },
            {
              "period": "2026-08",
              "value": 3.2
            },
            {
              "period": "2026-09",
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            }
          ]
        },
        {
          "name": "B.C.",
          "area": "bc",
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              "period": "2021-09",
              "value": 3.5
            },
            {
              "period": "2021-10",
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              "period": "2022-03",
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              "period": "2022-06",
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              "period": "2023-04",
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              "period": "2023-12",
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              "period": "2024-02",
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              "period": "2024-03",
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              "period": "2024-04",
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              "period": "2024-05",
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            {
              "period": "2024-06",
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              "period": "2024-08",
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              "period": "2024-10",
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              "period": "2025-04",
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            {
              "period": "2025-05",
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              "period": "2025-06",
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              "period": "2026-02",
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              "period": "2026-04",
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              "period": "2026-08",
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            {
              "period": "2026-09",
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          ]
        },
        {
          "name": "Canada",
          "area": "canada",
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            {
              "period": "2022-05",
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            {
              "period": "2022-06",
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              "period": "2022-07",
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            {
              "period": "2022-08",
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              "period": "2022-12",
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              "period": "2023-01",
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            {
              "period": "2023-02",
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            {
              "period": "2023-03",
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            {
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            {
              "period": "2023-05",
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            {
              "period": "2023-06",
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            {
              "period": "2023-07",
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            {
              "period": "2023-08",
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            {
              "period": "2023-09",
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            {
              "period": "2023-10",
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              "period": "2023-11",
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            {
              "period": "2023-12",
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              "period": "2024-01",
              "value": 2.9
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            {
              "period": "2024-02",
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            },
            {
              "period": "2024-03",
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            {
              "period": "2024-04",
              "value": 2.7
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            {
              "period": "2024-05",
              "value": 2.9
            },
            {
              "period": "2024-06",
              "value": 2.7
            },
            {
              "period": "2024-07",
              "value": 2.5
            },
            {
              "period": "2024-08",
              "value": 2.0
            },
            {
              "period": "2024-09",
              "value": 1.6
            },
            {
              "period": "2024-10",
              "value": 2.0
            },
            {
              "period": "2024-11",
              "value": 1.9
            },
            {
              "period": "2024-12",
              "value": 1.8
            },
            {
              "period": "2025-01",
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            },
            {
              "period": "2025-02",
              "value": 2.6
            },
            {
              "period": "2025-03",
              "value": 2.3
            },
            {
              "period": "2025-04",
              "value": 1.7
            },
            {
              "period": "2025-05",
              "value": 1.7
            },
            {
              "period": "2025-06",
              "value": 1.9
            },
            {
              "period": "2025-07",
              "value": 1.7
            },
            {
              "period": "2025-08",
              "value": 1.9
            },
            {
              "period": "2025-09",
              "value": 2.4
            },
            {
              "period": "2025-10",
              "value": 2.2
            },
            {
              "period": "2025-11",
              "value": 2.2
            },
            {
              "period": "2025-12",
              "value": 2.4
            },
            {
              "period": "2026-01",
              "value": 2.3
            },
            {
              "period": "2026-02",
              "value": 1.8
            },
            {
              "period": "2026-03",
              "value": 2.4
            },
            {
              "period": "2026-04",
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            },
            {
              "period": "2026-05",
              "value": 3.2
            },
            {
              "period": "2026-06",
              "value": 2.8
            },
            {
              "period": "2026-07",
              "value": 3.0
            },
            {
              "period": "2026-08",
              "value": 3.0
            },
            {
              "period": "2026-09",
              "value": 3.1
            }
          ]
        }
      ],
      "long": {
        "lines": [
          {
            "name": "Victoria",
            "area": "cpi",
            "series": [
              {
                "period": "1996",
                "value": 1.0
              },
              {
                "period": "1997",
                "value": 1.0
              },
              {
                "period": "1998",
                "value": 0.2
              },
              {
                "period": "1999",
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              },
              {
                "period": "2000",
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              },
              {
                "period": "2001",
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              },
              {
                "period": "2002",
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              {
                "period": "2003",
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              {
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              {
                "period": "2005",
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              {
                "period": "2006",
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              {
                "period": "2007",
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              },
              {
                "period": "2008",
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              },
              {
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              {
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              {
                "period": "2011",
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              },
              {
                "period": "2012",
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              },
              {
                "period": "2013",
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              },
              {
                "period": "2014",
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              },
              {
                "period": "2015",
                "value": 1.1
              },
              {
                "period": "2016",
                "value": 1.8
              },
              {
                "period": "2017",
                "value": 1.9
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              {
                "period": "2018",
                "value": 2.4
              },
              {
                "period": "2019",
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              },
              {
                "period": "2020",
                "value": 1.1
              },
              {
                "period": "2021",
                "value": 2.5
              },
              {
                "period": "2022",
                "value": 7.0
              },
              {
                "period": "2023",
                "value": 3.7
              },
              {
                "period": "2024",
                "value": 2.5
              },
              {
                "period": "2025",
                "value": 2.3
              }
            ]
          },
          {
            "name": "B.C.",
            "area": "bc",
            "series": [
              {
                "period": "1996",
                "value": 0.9
              },
              {
                "period": "1997",
                "value": 0.8
              },
              {
                "period": "1998",
                "value": 0.3
              },
              {
                "period": "1999",
                "value": 1.1
              },
              {
                "period": "2000",
                "value": 1.8
              },
              {
                "period": "2001",
                "value": 1.7
              },
              {
                "period": "2002",
                "value": 2.4
              },
              {
                "period": "2003",
                "value": 2.2
              },
              {
                "period": "2004",
                "value": 2.0
              },
              {
                "period": "2005",
                "value": 2.0
              },
              {
                "period": "2006",
                "value": 1.7
              },
              {
                "period": "2007",
                "value": 1.8
              },
              {
                "period": "2008",
                "value": 2.1
              },
              {
                "period": "2009",
                "value": 0.0
              },
              {
                "period": "2010",
                "value": 1.3
              },
              {
                "period": "2011",
                "value": 2.4
              },
              {
                "period": "2012",
                "value": 1.1
              },
              {
                "period": "2013",
                "value": -0.1
              },
              {
                "period": "2014",
                "value": 1.0
              },
              {
                "period": "2015",
                "value": 1.1
              },
              {
                "period": "2016",
                "value": 1.8
              },
              {
                "period": "2017",
                "value": 2.1
              },
              {
                "period": "2018",
                "value": 2.7
              },
              {
                "period": "2019",
                "value": 2.3
              },
              {
                "period": "2020",
                "value": 0.8
              },
              {
                "period": "2021",
                "value": 2.8
              },
              {
                "period": "2022",
                "value": 6.9
              },
              {
                "period": "2023",
                "value": 3.9
              },
              {
                "period": "2024",
                "value": 2.6
              },
              {
                "period": "2025",
                "value": 2.1
              }
            ]
          },
          {
            "name": "Canada",
            "area": "canada",
            "series": [
              {
                "period": "1996",
                "value": 1.5
              },
              {
                "period": "1997",
                "value": 1.7
              },
              {
                "period": "1998",
                "value": 1.0
              },
              {
                "period": "1999",
                "value": 1.8
              },
              {
                "period": "2000",
                "value": 2.7
              },
              {
                "period": "2001",
                "value": 2.5
              },
              {
                "period": "2002",
                "value": 2.2
              },
              {
                "period": "2003",
                "value": 2.8
              },
              {
                "period": "2004",
                "value": 1.8
              },
              {
                "period": "2005",
                "value": 2.2
              },
              {
                "period": "2006",
                "value": 2.0
              },
              {
                "period": "2007",
                "value": 2.2
              },
              {
                "period": "2008",
                "value": 2.3
              },
              {
                "period": "2009",
                "value": 0.3
              },
              {
                "period": "2010",
                "value": 1.8
              },
              {
                "period": "2011",
                "value": 2.9
              },
              {
                "period": "2012",
                "value": 1.5
              },
              {
                "period": "2013",
                "value": 0.9
              },
              {
                "period": "2014",
                "value": 2.0
              },
              {
                "period": "2015",
                "value": 1.1
              },
              {
                "period": "2016",
                "value": 1.4
              },
              {
                "period": "2017",
                "value": 1.6
              },
              {
                "period": "2018",
                "value": 2.3
              },
              {
                "period": "2019",
                "value": 1.9
              },
              {
                "period": "2020",
                "value": 0.7
              },
              {
                "period": "2021",
                "value": 3.4
              },
              {
                "period": "2022",
                "value": 6.8
              },
              {
                "period": "2023",
                "value": 3.9
              },
              {
                "period": "2024",
                "value": 2.4
              },
              {
                "period": "2025",
                "value": 2.1
              }
            ]
          }
        ],
        "title": "Prices compared with the year before (yearly average)",
        "note": "Yearly figures: change in the annual average price index from the year before, calculated here from Statistics Canada table 18-10-0005-01, from 1996. The 5-year view shows each month",
        "monthly_note": "Each month compared with the same month a year earlier. The 10-year, 20-year and All views show yearly figures",
        "source": {
          "name": "Consumer Price Index, annual average, all items: Victoria, British Columbia, Canada",
          "table": "18-10-0005-01",
          "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501",
          "dataset_url": "https://open.canada.ca/data/en/dataset/4be5f92b-8546-4e76-ad98-bcf9d4b8aeed",
          "licence": {
            "name": "Open Government Licence - Canada",
            "url": "https://open.canada.ca/en/open-government-licence-canada"
          },
          "attribution": "Adapted from Statistics Canada, table 18-10-0005-01. This does not constitute an endorsement by Statistics Canada of this product."
        }
      }
    }
  ],
  "series": [
    {
      "period": "2024-10",
      "value": 2.0
    },
    {
      "period": "2024-11",
      "value": 2.1
    },
    {
      "period": "2024-12",
      "value": 2.8
    },
    {
      "period": "2025-01",
      "value": 1.8
    },
    {
      "period": "2025-02",
      "value": 2.4
    },
    {
      "period": "2025-03",
      "value": 2.5
    },
    {
      "period": "2025-04",
      "value": 1.9
    },
    {
      "period": "2025-05",
      "value": 2.1
    },
    {
      "period": "2025-06",
      "value": 1.9
    },
    {
      "period": "2025-07",
      "value": 2.0
    },
    {
      "period": "2025-08",
      "value": 2.3
    },
    {
      "period": "2025-09",
      "value": 2.4
    },
    {
      "period": "2025-10",
      "value": 3.0
    },
    {
      "period": "2025-11",
      "value": 2.9
    },
    {
      "period": "2025-12",
      "value": 2.4
    },
    {
      "period": "2026-01",
      "value": 2.4
    },
    {
      "period": "2026-02",
      "value": 2.1
    },
    {
      "period": "2026-03",
      "value": 2.7
    },
    {
      "period": "2026-04",
      "value": 2.8
    },
    {
      "period": "2026-05",
      "value": 3.3
    },
    {
      "period": "2026-06",
      "value": 2.9
    },
    {
      "period": "2026-07",
      "value": 3.5
    },
    {
      "period": "2026-08",
      "value": 3.2
    },
    {
      "period": "2026-09",
      "value": 3.4
    }
  ],
  "refresh_frequency": "Monthly",
  "data_published": "2026-10-19",
  "source": {
    "name": "Statistics Canada, Consumer Price Index",
    "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401",
    "dataset_url": "https://open.canada.ca/data/en/dataset/2b0c5ebe-c4a6-4a1d-9b4b-c850f9b5c3c4",
    "table_url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401",
    "table": "18-10-0004-01",
    "publisher_page": "https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes",
    "locator": "Statistics Canada table 18-10-0004-01: Victoria, All-items, September 2026 compared with September 2025; index levels for September 2021 and September 2026"
  },
  "licence": {
    "name": "Open Government Licence - Canada",
    "url": "https://open.canada.ca/en/open-government-licence-canada"
  },
  "attribution": "Adapted from Statistics Canada, table 18-10-0004-01. This does not constitute an endorsement by Statistics Canada of this product.",
  "retrieved_at": "2026-11-12T01:28:48Z",
  "index_levels": {
    "base": "2002=100",
    "current": {
      "period": "September 2026",
      "value": 160.9
    },
    "year_earlier": {
      "period": "September 2025",
      "value": 155.6
    },
    "five_years_earlier": {
      "period": "September 2021",
      "value": 134.3
    },
    "five_year_change_percent": 19.8
  },
  "licence_type": "open",
  "status_rule": {
    "rule": "One rule for every measure: a change smaller than 5% of the earlier value, or smaller than the agency's own margin of error, is “About the same”; no change is calculated across a marked break in a series; homelessness estimates, prices, staffing and comparison pages are shown for context without a label.",
    "reason": "Shown next to B.C., Canada and the 2% federal inflation-control target instead of a label.",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": {
      "period": "September 2025",
      "value": 2.4,
      "text": "vs Sep 2025: +1.0 points"
    },
    "five_year": {
      "period": "September 2021",
      "years": 5,
      "value": null,
      "comparable": true,
      "text": "vs September 2021: price level +19.8%"
    }
  },
  "direction": {
    "type": "context",
    "rule": "Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series.",
    "key": "rising",
    "label": "Rising",
    "arrow": "▲",
    "rel": 41.66666666666667,
    "delta": 1.0,
    "vs": "September 2025",
    "cur": "September 2026",
    "why": "The 2% inflation-control target and its 1% to 3% range apply to Canada as a whole, so no target label is given to Victoria’s prices; the range is shown on the chart for reference. The change is 41.7% of the earlier value, at or above the 5% threshold.",
    "change": "1.0 pt",
    "one_year": "+1.0 pt",
    "five": {
      "period": "September 2021",
      "comparable": true,
      "rel": 19.8,
      "text": "price level +19.8%",
      "years": 5
    }
  },
  "source_tier": 1,
  "measure_kind": "outcome",
  "better_measure": null,
  "benchmark": {
    "rung": 2,
    "rung_name": "Higher government target or benchmark",
    "as_of": "2026-11-12",
    "items": [
      {
        "kind": "higher",
        "label": "Higher government target or benchmark",
        "text": "Higher government target: the Government of Canada and the Bank of Canada aim to keep inflation at 2%, the midpoint of a 1% to 3% control range, renewed in November 2026. Target applies to Canada; Victoria’s rate is shown against it for reference. The range is shaded on the chart.",
        "area": "Canada",
        "source": {
          "title": "Joint statement renewing the 2% inflation-control target",
          "publisher": "Government of Canada and Bank of Canada",
          "date": "November 2026",
          "url": "https://www.bankofcanada.ca/2026/11/joint-statement-of-the-government-of-canada-and-the-bank-of-canada-on-the-renewal-of-the-monetary-policy-framework-2026/",
          "terms": "https://www.bankofcanada.ca/terms/",
          "refresh": "Every five years",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "boc"
        },
        "documents_checked": null
      },
      {
        "kind": "compare",
        "label": "Comparison, not a goal",
        "text": "The B.C. and Canada lines are comparisons, not goals.",
        "area": "British Columbia, Canada",
        "source": null,
        "documents_checked": null
      }
    ],
    "drawn": [
      "1% to 3% inflation-control range, set by the Government of Canada and the Bank of Canada (applies to Canada)"
    ],
    "rule": "Highest rung found is shown; the site never sets a target. Methods, Targets."
  },
  "benchmarks": [
    {
      "rung": 2,
      "kind": "range",
      "label": "1% to 3% inflation-control range, set by the Government of Canada and the Bank of Canada (applies to Canada)",
      "short": "1% to 3% (Canada)",
      "unit": "%",
      "set_by": "CAN",
      "instrument": "agreement",
      "document": "boc",
      "page": null,
      "area": "Canada",
      "fit": "full",
      "same_area": false,
      "polarity": "band",
      "chart": 0,
      "value_low": 1,
      "value_high": 3,
      "applies_from": null,
      "applies_to": null,
      "document_url": "https://www.bankofcanada.ca/2026/11/joint-statement-of-the-government-of-canada-and-the-bank-of-canada-on-the-renewal-of-the-monetary-policy-framework-2026/",
      "applies_here": false,
      "same_measure": true
    },
    {
      "rung": 4,
      "kind": "comparison",
      "label": "The B.C. and Canada lines are comparisons, not goals.",
      "fit": "text_only",
      "area": "British Columbia, Canada",
      "document": null,
      "applies_here": false,
      "same_measure": false
    }
  ],
  "highest_rung": 2,
  "decided_by": [
    {
      "body": "BOC",
      "name": "Bank of Canada",
      "decides": "Sets and publishes the minimum rate at which it lends, as part of its job to regulate credit and currency.",
      "laws": [
        {
          "key": "boc21",
          "label": "Bank of Canada Act, s. 21",
          "url": "https://laws-lois.justice.gc.ca/eng/acts/B-2/FullText.html"
        },
        {
          "key": "boc",
          "label": "Bank of Canada Act, preamble",
          "url": "https://laws-lois.justice.gc.ca/eng/acts/B-2/FullText.html"
        }
      ],
      "last": {
        "text": "Rate set at 2.50% on October 28, 2026",
        "label": "Rate set at 2.50% on October 28, 2026",
        "url": "https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/"
      },
      "next": {
        "text": "Next scheduled announcement December 9, 2026",
        "label": "Next scheduled announcement December 9, 2026",
        "url": "https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/"
      }
    },
    {
      "body": "CAN",
      "name": "Government of Canada and Parliament",
      "decides": "If the Minister of Finance and the Bank disagree on monetary policy, the Minister can give the Bank a written directive, with Cabinet approval.",
      "laws": [
        {
          "key": "boc14",
          "label": "Bank of Canada Act, s. 14",
          "url": "https://laws-lois.justice.gc.ca/eng/acts/B-2/FullText.html"
        }
      ],
      "last": null,
      "next": null
    },
    {
      "body": "NONE",
      "name": "No government decides this directly",
      "note": "Most prices are set by sellers and buyers."
    }
  ],
  "main_decision_maker": "Bank of Canada",
  "label_1y": {
    "key": "rising",
    "label": "Rising"
  },
  "label_long": {
    "key": "rising",
    "label": "Rising",
    "years": 5,
    "change": "price level +19.8%"
  },
  "target_line": {
    "form": 3,
    "text": "Canada’s range 1% to 3% · 0.4 pts above the range",
    "target": 2.0,
    "gap": "0.4 pts above the range",
    "comparison": null,
    "applies_here": false,
    "note": null
  }
}