Staff Analytical Note - Evaluating real GDP growth forecasts in the Bank of Canada Monetary Policy Report https://www.banqueducanada.ca/?p=195479 CPI forecast FH1 MPR inflation forecast for next year made in April CPI forecast FH2 MPR inflation forecast for next year made in October CPI forecast FH3 MPR inflation forecast for current year made in April CPI forecast FH4 MPR inflation forecast for current year made in October Total CPI inflation Inflation calculated using total CPI GDP forecast FH1 MPR GDP growth forecast for next year made in April GDP forecast FH2 MPR GDP growth forecast for next year made in October GDP forecast FH3 MPR GDP growth forecast for current year made in April GDP forecast FH4 MPR GDP growth forecast for current year made in October real R&D Research and development in chained 2007 dollars (Fisher index) nominal R&D Research and development at current prices real GDP (fisher) GDP in chained 2007 dollars (Fisher index) nominal GDP GDP at current prices real GDP (laspeyres) GDP at 2007 constant prices (Laspeyres index) real weapons Weapons spending in chained 2007 dollars (Fisher index) nominal weapons Weapons spending at current prices 1086746.001082062.00828973.007731.754836.001069.001029.00 1104253.501099168.00857023.008313.755047.00788.50782.00 3.703.801151514.251149344.00903902.007087.504860.00480.75484.00 3.754.003.503.001196212.751193493.00937295.007505.755299.00397.00420.00 3.502.753.253.501257975.501259375.001004456.007790.255799.00487.50523.00 3.253.254.255.001323173.001328304.001102380.0010483.507964.00741.75786.00 3.003.502.501.501346603.501347947.001140505.0011831.009465.00680.25771.00 3.251.502.753.501387136.751387010.001189452.0011489.759722.00476.50553.00 2.803.402.803.503.252.502.001412136.751412907.001250315.0011528.5010248.00541.00589.00 1.901.601.301.502.003.003.252.702.901455715.001455560.001331178.0011919.7510896.00637.00679.00 2.201.702.502.202.403.802.902.602.801502318.001502688.001417028.0011996.7510997.00791.25824.00 2.002.002.402.302.003.302.903.102.801541729.751539058.001492207.0011816.0011375.00864.25857.00 2.102.101.702.302.303.002.502.202.601573532.001573532.001573532.0010341.0010341.001378.001378.00 2.402.102.301.802.502.702.301.400.601589273.001589234.001652923.0011491.0011638.001963.002013.00 0.301.801.400.300.402.400.60-3.00-2.401542396.251538828.001567365.0010743.0011065.001799.001989.00 1.801.701.402.101.702.503.003.703.001589955.501583665.001662130.0010593.0011018.002033.002105.00 2.902.202.002.502.903.102.302.902.101639899.501633144.001769921.0011332.0011825.001699.001763.00 1.502.101.402.201.702.601.902.402.201668524.251659195.001822808.0010101.0011006.001451.001536.00 0.902.001.601.201.002.402.301.501.601709820.501698153.001897531.0010420.0011675.001078.001183.00 1.901.801.501.702.002.802.302.302.301753682.751742480.001983117.0010232.0011888.00591.00689.00 1.102.001.601.001.202.502.401.901.101770196.001756675.001986193.009778.0011500.001002.001360.00 1.402.101.501.401.502.502.001.701.101796178.251780902.002027544.0010054.0012262.00818.001034.00 1.901.901.902.302.002.60 2.001.90