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.