The ASX200 closed down 0.13% at 8,216 points in a flat days trade. Coles (ASX:COL) and Woolworths (ASX:WOW) have fought back in the Federal Court against ACCC claims of sham discounting. The companies say almost every alleged instance of the practice involved a supplier-requested price hike due to an inflation outbreak. Coles closed up 1.4% at $18.16 and Woolworths closed up 1.6% at $33.05. The International Monetary Fund (IMF) has revised its inflation predictions for 2025, upping Australia’s consumer price index expectations from 2.8% to 3.6%. Staples has been the best performing sector, up …
