Nonetheless, the scene appears to be set for a deceleration in prices over time. One contributing factor is likely to be the slowing in activity I already discussed, which should ease the overall pressure on resources. Another important factor affecting the inflation outlook is household and business expectations for inflation.
Our economy needs an educated workforce in order to develop, and in turn the current high growth and continued expansion of our economy translates into a strong need for well educated professionals. You will all have seen, for instance, the startling numbers which were published recently, showing that financial sector employment alone grew by nearly 19% during 2006.