Inflation not driven by corporate profiteering: Treasury
Ronald MizenSenior reporter
Shocks caused by the COVID-19 pandemic and Russia’s invasion of Ukraine are the main drivers of high and rising inflation, according to Treasury, and not corporate profiteering.
Standing in for Treasury secretary Steven Kennedy, who was absent from post-budget Senate hearings on Tuesday, deputy secretary Luke Yeaman rejected the profit claim made by unions, the Greens and some think tanks.
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