All instances of inflation falling 3.7% (from 7.7% to 4%)

Inflation is at 7.7%, let's say the inflation target was 4%, not 2%. When has this happened in the past 60 years and was there a recession?

Includes all instances of the CPI falling at least 3.7% points since 1961 in Canada

Table: David Macdonald - Canadian Centre for Policy Alternatives Source: Statistics Canada table 10-10-0139-01, 18-10-0004-01, 36-10-0104-01 and author’s calculations Get the data