Canadian Inflation

Q36: What will the Canadian inflation rate be in 2015?
Less than 1%: 30%
1% to 2%: 35%
2% to 3%: 20%
3% or higher: 15%
(Definition note:  The inflation rate shall be the ratio of the CPI in December 2015 to that in December 2014 as determined by CANSIM Table 326-0020.  It was 1.5% in 2014)

The median "big bank" inflation forecast is around 1%.  However, their estimates seem to use a different definition for inflation, which leads to lower estimates.  There is a fair range in the estimates (from 0.4% to 1.4%), although this might be due to differences in definitions.  However, it seems that inflation is expected to be under 2%, and quite possibly below 1%.  Increases in oil prices (or other events) could push inflation above 2 or 3%.