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AAP
AAP
Business
Derek Rose

Aust shares close at record high after inflation data

The ASX200 has eclipsed its previous all-time record of 7,632.8 set on August 13, 2021. (Steven Saphore/AAP PHOTOS)

The Australian share market has rallied to close at an all-time high after cooler-than-expected inflation data raised the chances of quicker rate cuts.

The benchmark S&P/ASX200 index on Wednesday finished up 80.5 points, or 1.06 per cent, to 7,680.7, smashing through its previous all-time record high of 7,632.8 set back on August 13, 2021.

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