Inflation hike ‘necessary part of reaching stable housing market’

The rise in consumer inflation from 2.0% to 2.2% is “an unfortunate but accepted part” of achieving a stable housing market.

So says Nathan Emerson, chief executive of Propertymark.

Consumer price inflation hit 2.2% in July, back above the Bank of England’s 2.0% inflation target, but so-called core inflation fell to 3.3%…