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AAP
AAP
Business
Derek Rose

Australian shares warm up as inflation loses more heat

Inflation David Bassanese Harvey Norman the Reserve Bank
The tech, health care and consumer discretionary sectors led gainers, while energy dipped. (Joel Carrett/AAP PHOTOS)

The local share market finished higher after a domestic inflation report came in significantly cooler than expected, likely squashing chances of another rate hike next week - or perhaps even this cycle.

The S&P/ASX200 finished up 20.1 points, or 0.29 per cent, to 7,035.3, while the All Ordinaries gained 22.7 points, or 0.31 per cent, to 7,245.8.

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