US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground 
Canada and Germany Advance Major LNG Supply Partnership 
Oil Prices Jump After New U.S. Strikes on Iran Raise Supply Concerns 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally 
US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks 
The annualized 12-month movement of the Australian year-on-year CPI in November 2024 came in at 2.3%. Comparing this figure, the reading of 2.1% as reported in October 2024 was well ahead of the market forecast, which had looked for a rise of 2.2% in November.
Key drivers contributing to the jump in CPI were Food and Non-Alcoholic Beverages at +2.9%, Alcohol and Tobacco at +6.7%, and Recreation and Culture at +3.2%.
However, these rises were somewhat balanced by big dips in:
Electricity: -21.5%
Automotive Fuel: -10.2%
Looking at CPI excluding more volatile items and holiday travel, the figure rose 2.8%, whereas two months ago, it had risen 2.4%. The trimmed mean inflation, or the core inflation measure, was at 3.2%, having dropped from the previous 3.5%.
This CPI data is important as it indicates the present state of the economy and impacts decisions by monetary authorities in Australia. It is still within the Reserve Bank of Australia's target inflation range of 2-3%.
