Inflation prompts rate fears; Domain: house prices set to fall; record heatwave hits Europe

A jump in inflation opens the door to another interest rate hike. 

• Domain forecasts a drop in house prices in Sydney, Melbourne and Canberra, and a slowdown in growth elsewhere
• More than 1,200 cargo ships carrying goods worth an estimated $US125bn, or $180 billion Aussie dollars, remain stranded in the Strait of Hormuz
• A third case of bird flu detected, this time in South Australia
• One of the worst heatwaves on record hits Europe. 

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