56.5% of firms expect to raise prices in next three months. (image: Getty)Business confidence retreated from the 30-year high it hit in December, but remains very strong.Business confidence was 64.1 in January versus 73.6 in December, according to the latest ANZ New Zealand Business Outlook.Expected own activity dropped nine points, but at 52, it is also historically very high, the survey showed. Past own activity eased three points to 26, the second-highest read since August 2021.Inflation indicators lifted. The net percent of firms expecting to raise prices in the next three months lifted five points to 56.5%, the...