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ABC News
ABC News
Business
business reporters Samuel Yang, Rhiana Whitson and wires

ASX rises, AUSTRAC takes Star to court, Black Friday and Cyber Monday sales top $7 billion

China Covid-19 Oil Jerome Powell United States Amazon Apple

Australian shares have edged higher as the October's consumer price index (CPI) shows inflation is easing.

According to new monthly Australian Bureau of Statistics (ABS) figures, the annual inflation rate was down a little, to 6.9 per cent, in October, from 7.3 per cent in September.

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