RARE PHOTOS: Aussie shares lower on hotter than expected inflation | Rare Historical Photos

Australia's share market has fallen to its lowest level in two weeks after a surprise inflation spike dampened hopes of further interest rate cuts this year.

The S&P/ASX200 fell 86.3 points on Wednesday, down 0.96 per cent, to 8,926.2, as the broader All Ordinaries lost 77 points, or 0.83 per cent, to 9,218.8.