Apple (AAPL.O): iPhone 17 Pro 256GB available via lease at $31.99/month for 24 months or $45.99/month for 12 months.

UK food inflation eased for a sixth consecutive month in July to 2.2% YoY from 2.4%, helped by World Cup-led promotions in snacks and alcohol, the British Retail Consortium said. Despite higher energy costs linked to Middle East tensions, overall domestic price pressures remained moderate: the shop price index fell to 0.9% YoY, a six-month low, dragged down by summer clothing and footwear clearance, while fresh food prices rose 3.1% YoY (June: 2.8%). Dickinson, chief executive of the British Retail Consortium, called July’s reading 'good news for households' but warned that labour costs, a packaging tax, geopolitical conflict and climate disruptions could push prices up in H2.

Reserve Bank of Australia Governor Bullock said inflation remains too high and the RBA cannot rule out further rate increases. She said the bank is prepared to act as needed to meet its policy goals, including raising the cash rate. But the RBA is not rushing to hike and prefers to assess the impact of the Middle East conflict and whether the three rate rises earlier this year will be sufficient to curb price pressures. Bullock added that demand growth may need to slow further for inflation to sustainably return to target and that global conditions and the economic outlook are more uncertain, while the RBA’s objectives of price stability and full employment remain unchanged.