Live updates: Consumer price rises slow in September quarter, ASX edges lower, Wall Street mixed as tech stocks boost NasdaqLive updates: Consumer price rises slow in September quarter, ASX edges lower, Wall Street mixed as tech stocks boost NasdaqThe Australian Bureau of Statistics has released the September quarter CPI data, showing annual headline inflation falling to 2.8 per cent, but underlying measures remaining above the Reserve Bank's 2-3 per cent target band.
. These competitive factors together with strong eCommerce growth is leading to a lower margin sales mix which has impacted earnings'." "Fruit and vegetables moved back into modest inflation in the quarter due to cycling a period of abundant supply in the previous year," Woolworths said in its report.
Groceries are, of course, a very significant item in the CPI, given that's where a large part of most households' budgets are spent. Google's parent company Alphabet is worth $US2 trillion dollars . As well as search, Google and its parent company Alphabet are big players in email, Android phone sales, streaming platform YouTube, the internet browser Chrome, and it is pushing into artificial intelligence .
Alphabet, one of the so-called "Magnificent Seven" megacap technology stocks, rose ahead of its earnings report.
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