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AAP
AAP
Business
Derek Rose

Aussie shares up as traders shrug off inflation report

The consumer discretionary sector was the biggest mover on Wednesday, rising 1.3 per cent. (Steven Saphore/AAP PHOTOS)

The Australian share market has finished modestly higher for a second day, as traders shrugged off an US inflation readout showing that consumer price increases still haven't been tamed.

The benchmark S&P/ASX200 index on Wednesday finished up 16.9 points, or 0.22 per cent, to 7,729.4, while the broader All Ordinaries rose 16.5  points, or 0.21 per cent, to 7,989.5.

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