ASX dips as inflation data, US Fed loom

Most share categories were down and there were falls of more than one per cent for technology, utilities and materials.

The benchmark S&P/ASX200 index closed down 36.3 points, or 0.51 per cent, to 7139.5 points.

The All Ordinaries index closed lower by 48.6 points, or 0.65 per cent, to 7441.5 points.

The Australian dollar was buying 71.77 US cents at 1619 AEDT, lower from 71.86 US cents at Friday's close.