Nicola Willis: Finance Minister and National's Finance Spokesperson on inflation easing to 3.7% in September quarter, plans to deal with it

Inflation is still much higher than it should be, largely because of high global oil prices. Stats NZ data shows the rate's now on 3.7%, down from 4.1% three months ago. Domestic non-tradeable inflation —for things like housing, electricity, and healthcare— has been trending down. Internationally-driven tradeable inflation —for things we import and export— has dipped, after trending up. But NZ Herald Business Editor at Large Liam Dann told Kerre Woodham economists are forecasting anywhere up to 4.7% inflation for the December quarter, which is pretty ugly. He says even if the Reserve Bank were to look through the impact of oil prices, the Consumer Price Index would still rise around 3.2%, which they can't ignore. Dann says it's one of the reasons economists expect them to hike interest rates. LISTEN ABOVE See omnystudio.com/listener for privacy information.

We may be at a turning point when it comes to property investment. Cotality data shows residential property is worth $1.66 trillion and still accounts for more than 50% of all household assets. But it also shows property sales and values are largely subdued. Chief Property Economist Kelvin Davidson told Kerre Woodham over the last couple of decades, strong capital gains and low interest rates were a big driver for the housing market. He says mortgage costs went down and selling provided capital gains as well, but this potentially won't last into the future. Davidson says property investment will probably need to be done a little bit differently, focusing on active management and cash flow rather than relying on capital gains. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Inflation's eased up slightly - but it's also become more persistent and widespread. The official inflation rate has fallen in the past three months - from 4.1 percent to 3.7 percent - due to a brief fall in fuel prices. But underlying core inflation has been rising and more items are increasing in price. Labour's Finance Spokesperson Barbara Edmonds told Francesca Rudkin the government doesn't have a plan to tackle the rising prices. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Auckland Business Chamber CEO Simon Bridges says politically, the Mood of the Boardroom shows a "tactical draw" between National and Labour. The survey of business leaders shows dissatisfaction and a desire for more investment in infrastructure, reform, leadership and talk of productivity, Bridges told Ryan Bridge. "Because you'd expect, and they are in their numbers, the Nats as a centre right incumbent government to be higher up, I would sort of call it a tactical draw between the Nats and Labour when you look at this closely." Unease about "the tail wagging the dog" with minor parties gaining more power in the future government is also present. "This is a very small sliver of business. It's the top end of town, let alone it being the electorate... "They've got a very clear view about what they like. They tend to like stability, certainty, an incumbent government over change that might be messy and uncertain." The former National Party leader said no result in the upcoming election would surprise him. LISTEN ABOVE See omnystudio.com/listener for privacy information.

New reports indicate more young job seekers are being asked to submit short videos - alongside the traditional tailored CV, cover letter and filled-in questionnaire. While this trend is more popular overseas, more Kiwi employers are looking to utilise videos to sort through applicants as well. Student Job Search CEO Louise Saviker says many of the roles advertised through the platform are front-facing customer service roles, and they encourage students to get behind this. "It's absolutely not needed if they don't want to, and they are in control of whether or not they do that or not." LISTEN ABOVE See omnystudio.com/listener for privacy information.