Leading indicator points to easing inflation

The economy is proving resilient to some worrying economic headwinds. (Image: Getty)

Fri, 28 Oct 2022

A leading inflation indicator suggests that price pressures may be easing, but the labour market is not following suit.And while business confidence remains very low, actual business activity is holding up well.Overall, it points to an economy that is proving resilient to some serious economic headwinds.An optimistic interpretation suggests that falling inflation and a strong labour market signal a 'soft landing' in which price increases abate without too many people losing their jobs.A more pessimistic view sees prices not falling fast...

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