Unemployment has fallen by 39,000 to 1.63 million between May and July, official figures showed.Read the full story ›
The average house price in the UK has increased by £17,000 in the last year.
The increase means that the average house price in the UK is now £217,000.
Property values also increased by £1,000 on average in the last month, continuing a "strong" run of growth, according to the Office for National Statistics (ONS).
As of July the average house price in England stood at £233,000, while in Wales it was £145,000, in Scotland it was £144,000 and in Northern Ireland it was £123,000.
As the effects of Brexit on the housing market become clearer in the coming months, Thomas Fisher, an economist at PwC, said: "Our own expectation is that the UK housing market will cool not crash."
Unemployment fell by 54,000 to 1.65 million between March and May, official figures show.
The figures are down from 0.6% in the fourth quarter of 2015, according to the Office for National Statistics.Read the full story ›
Figures from the Office for National Statistics show employment increased to 31.4 million - the smallest rise for almost a year.Read the full story ›
Energy prices used to get the blame for pushing up inflation but not this month.
Small rises from some energy companies were cancelled out by the removal of green taxes.
Looking at the detail of the components of inflation usually gives some insight in which way the wind is blowing but this month things look to have ground to a halt.
Prices have fallen for peculiar things like "cultural events" - winter prices are lower at some attractions and DVDs.
Upward pressure came from baby wipes and toothbrushes. I¹m not making this up.
Reading the runes in that mix would be very hard except perhaps the very lack of direction tells us that inflation will stay where it is for some time.
The Prime Minister has welcomed the fall in inflation:
Chief Secretary to the Treasury Danny Alexander has said that today's inflation figures are evidence the long term economic plan "is working."
Inflation falling below 2% for the first time since November 2009 is further evidence that our long term economic plan is working. Controlling inflation and rebuilding our economy are the only sustainable ways to secure living standards for the future.
- Read more: Consumer Price Index inflation falls to 1.9%