Headline inflation of 2.2% came in lighter than expected, holding steady from the October print…

… on a mixed bag of Y/Y changes. On one hand, lower rent costs are weighing on inflation in shelter - while store-bought food re-accelerated to 4.7%…

… the highest reading in nearly two years, driven mainly by fresh fruit costs - a change of tune from the beef-led rise in prices at the counter from months past.

Food wasn’t the only category accelerating, with cellular services rising 12.7% - building on the momentum from October’s 7.7% increase.

You might be interested in…

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.