ASX gains 0.2pct after inflation hike

The stock market recovered from early morning

the green after second-quarter inflation data

The benchmark S&P/ASX200 index closed Wednesday  up 15.9 points

All Ordinaries index ended up 12.9 points, or 0. ,18%, to 7038.1.  

The ASX200 fell 0.4 per cent in morning trade

the Australian Bureau of Statistics revealed consumer prices 'only' rose 6.1 per cent