Live: Inflation eases as fuel prices come down, ASX higher

Headline inflation has eased to an annual rate of 4 per cent in May, down from 4.2 per cent in April, according to the latest ABS data.
The better-than-predicted figure comes after sharp falls in petrol and diesel prices.
The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which has resulted in steep losses on Wall Street. Follow live.