While the media is obsessing over who will win the Tory leadership contest, I'll bring you up to date on the latest inflation and house price news.
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The Office for National Statistics issued two releases yesterday that seem to have been overlooked, one on inflation and the other on house prices.
First inflation, where it looks like the Remain campaign will have to wait another month for the post Brexit vote promised inflation spike.
The Consumer Prices Index (CPI) 12 month inflation rate was 2.0% in May, which is down 0.1% on the 2.1% seen in April.
When factoring in homeowner/occupier costs, the CPIH 12 month inflation rate was 1.9%, down from 2.0% in April.
The ONS put this reduction down to falling fares for transport services, particularly air fares influenced by the timing of Easter in April and also said that falling car prices produced the largest downward contributions to the change in the rate between April and May 2019.
But this was partially offset by rising prices for a range of games, toys and hobbies, furniture and furnishings, and accommodation services, said the ONS.
This places inflation within the bounds of the target set for the Bank of England when deciding on whether or not to change interest rates. So one assumes the Bank's Monetary Policy Committee will not be in a rush to change anything yet.
On house prices, although they went up in the year to April 2019, they have not kept pace with inflation.
The ONS says that average house prices rose by 1.4% over that 12 month period, whi..
