The five things you need to know about the housing market this week.
1. Inflation was above target even before the Iran conflict
The key economic release last week was the consumers price index (CPI), which showed a headline inflation rate of 3.1% in the first quarter of 2026, unchanged from Q4 last year – and still slightly above the 1-3% target range over the medium term. The tradeables/imported split showed 2.5% inflation (down slightly from 2.6% in Q4) and non-tradeables/domestic inflation held steady at 3.5%.
On the whole, there…
