The value of listed housebuilders dipped this morning as speculation grew that the Bank of England will have to raise interest rates further than previously expected as the latest inflation figures showed stubbornly persistent growth in prices.

Official figures released this morning showed the headline rate of CPI inflation unexpectedly remained in double figures in March, dipping only slightly from the 10.4% recorded in February to 10.1%, above the forecast 9.7%.

…