News filtering through on the business pages is that the cost of everything from shipping to computer chips is finally falling as global supply chain bottlenecks begin to ease.
It should help with the surge in inflation that core manufacturing costs such as shipping, computer chips and steel prices have fallen sharply in recent months.
Although some of the easing of pressures comes from the fact of falling demand due to recessionary fears, supply chain pressures have been easing for the last five months according to UBS (Union Bank of Switzerland).
Car and white good industries have been hamstrung by global shortages of chips for instance and construction industries have been squeezed by a severe lack of building materials.
Oversupply may be imminent for some items soon, as demand tails off.
