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Australian shares edge higher, head for worst month in six; inflation data in focus
Australian shares edged up on Wednesday but were headed for their worst monthly decline in six months as investors stayed on the sidelines ahead of domestic inflation data due later in the day. The S&P/ASX 200 index rose 0.1% to 8,718.1 points as of 0006 GMT. However, the benchmark was on track for its worst month since March, as rising oil prices and higher bond yields reignited concerns that inflation could remain elevated for longer. Consumer price data for August, due later in the day, is expected to accelerate to 4.1% from 3.5%, partly due to a jump in fuel costs. Core inflation is ex...
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