Australia's inflation rate continues to climb for the third consecutive month, with headline inflation reaching 4% in May compared to 3.6% in April. Core inflation also exceeded expectations, coming in at 4% versus the anticipated 3.8%. This unexpected rise in inflation has prompted speculation that the Reserve Bank of Australia (RBA) may consider raising interest rates. RBA Governor Michelle Bullock recently disclosed that the central bank discussed the possibility of hiking rates in their last meeting. In Singapore, May factory output exceeded expectations, growing by 2.9% year-on-year compared to the predicted 2% growth rate. Overall, semiconductor and related stocks in the Asia-Pacific markets saw gains, driven by Nvidia's strong performance. The implications of these developments could have significant effects on the economic landscape in the region.