June’s inflation tracked in-line with expectations, with headline inflation of 1.9% inching higher versus May’s 1.7% and core trim holding steady at 3.0%.

Most categories moderated versus last month’s reading, with the exception of clothing, health care…

… and transportation, which remains down Y/Y but to a lesser degree - as the drag from gasoline prices improves…

… but is still off materially Y/Y, weighing on both private and public transportation.

In shelter, inflation remains anchored by servicing costs (mortgage, rent, etc.)…

… and food inflation remains broad-based, though some categories have started to regress.

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.