This past week reminded markets that while inflation pressures have eased from their peaks, central banks are still far from declaring victory. Starting with Australia, the Reserve Bank of Australia kept its cash rate unchanged at 3.6% for the third straight meeting, in line with expectations. Borrowing costs remain at their lowest since April 2023. The RBA acknowledged that inflation has cooled sharply from 2022 levels, but the recent pickup has caught attention. While some

India's inflation numbers in May 2025 certainly made headlines, hitting a remarkable six-year low with the headline Consumer Price Index (CPI) inflation at just 2.82%. That sounds like great news, right?