Business
ASX moves higher; Blackmores up 10% – The Sydney Morning Herald
Consumer stocks, healthcare, and information technology have helped pushed the ASX to flat after the index dropped as much as 0.5% at the open.
Annual inflation dropped to minus 0.3 per cent, only the third time since 1949 that it had been negative over a 12-month period.
The Reserve Bank’s preferred measures of inflation showed moderate increases. The trimmed mean lifted by 0.4 per cent to 1.2 per cent over the past 12 months while the weighted median increased by 0.3 per cent to 1.3 per cent.
The head of the ABS’ prices statistics, Andrew Tomadini, said the end of free childcare was the major factor in the result.
“In the September quarter…
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