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AAP
AAP
Business
Adrian Black

Australian shares retreat as inflation comes in hot

United States Australia Donald Trump Inflation RBA Westpac
The Australian share market dipped lower despite a rally from energy and IT stocks. (Bianca De Marchi/AAP PHOTOS)

Profit-taking and weaker commodity prices have pushed the local share market lower, while surprise price growth revealed a speed bump in Australia's disinflation road.

The S&P/ASX200 handed back a nearly 0.6 per cent rally in early trade to close 10.7 points lower, or down 0.13, per cent to 8,396.9 on Wednesday.

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