Business
ASX slips from 11-month high; Fortescue falls 6.3% – The Sydney Morning Herald
The ASX 200 is weaker this morning and dropped as much as 0.6% as miners and energy stocks drag on the index. Iron ore prices fell 2.4% overnight.
Annual inflation increased to 0.9 per cent from 0.7 per cent in the September quarter, also a stronger rise than expected.
Since the June quarter fall of 0.3 per cent, the increase in annual inflation largely reflects the unwinding of free child care and higher petrol prices.
These impacts are largely removed from measures of underlying inflation, with the trimmed mean measure remaining at a record low of 1.2 per cent, Ms Marquardt said.
The most significant price rises in the December quarter were…
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