"Bank boss wants mortgages measure
The Governor of the Bank of England, Mervyn King, has told the BBC he wishes mortgage costs were part of the official inflation target. They represent the biggest expense for many households, but are not included in the Consumer Prices Index (CPI).

The CPI fell to 2.4% in June, official figures show. But at the same time, the more familiar Retail Prices Index, which does take mortgage costs into account, rose to 4.4%."

Meanwhile annual house price inflation is around 11%.

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