The market wasn't moved much by a CPI readout that found inflation picked up last month. -AAP Image
The local share market has closed slightly lower, not much changed by consumer price index data showing a slight pickup in domestic inflation last month.Â
Hold tight - we’re checking permissions before loading more content
The benchmark S&P/ASX200 index finished Wednesday down 7.9 points, or 0.11 per cent, to 7,030.3, while the broader All Ordinaries fell 8.4 points, or 0.12 per cent, to 7,229.9.
The Australian dollar had fallen to a nearly three-week low against its US counterpart, which has been gaining against other currencies on the prospect of US interest rates remaining higher for longer next year.
The Aussie was buying 63.73 US cents, from 63.99 US cents at Tuesday's ASX close.
10°C