Australia's share market has shrugged off an early wobble after April inflation came in cooler than expected, rising the odds the Reserve Bank will hold rather hike the interest rate at its June meeting.
The S&P/ASX200 crept 8.5 points higher by midday on Wednesday, up 0.11 per cent, to 8,667.2, as the broader All Ordinaries slipped 16.1 points, or 0.18 per cent, to 8,898.7.
April's headline consumer price index figure came in at 4.2 per cent over 12 months, lower than an expected 4.4 per cent and easing from March's 4.6 per cent.
