Fuel refiner Viva Energy VEA.AX slipped 0.9%, while sector major Woodside Petroleum WPL.AX lost 1%. A four-decade high inflation data from the U.S. cemented expectations that its Federal Reserve would hike key interest rates at the conclusion of next week's monetary policy meeting to prevent the economy from overheating. Back home, Australia's top central banker on Friday cautioned borrowers it would be prudent to prepare for a rise in interest rates this year with inflation set to increase due to the recent surge in global commodity prices.