Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Japan Finance Minister Defends PM Takaichi’s Remarks on Weak Yen Benefits 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
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%.
