NZIER is reporting signs that inflationary pressures in the economy are beginning to ease. On those capacity pressures, Leung said a net 9% of businesses reported capacity as the primary constraint on their business – compared with 13% in the previous quarter. "However, shortages for both skilled and unskilled labour are easing from the historically high levels of the past year," Leung said. Leung said that the developments regarding easing labour and capacity pressures are flowing through to moderation in inflation pressures. "In the September quarter, the proportions of businesses reporting higher costs and raising prices both fell," she said.

Source: Stuff October 04, 2022 15:18 UTC