Wage growth shown as ‘biggest driver’ of inflation by Australian treasury

Sky News host Sharri Markson says “confidential” treasury analysis obtained by the Financial Review shows high wages growth was the “biggest” driver of inflation. “Confidential treasury analysis … obtained under freedom of information shows high wages growth was actually the biggest driver of inflation in the June quarter,” she said. “So much for profit gouging. “This is different from the regular message we are hearing from the government about what is keeping and what has made inflation so high.” Ms Markson said it is “so interesting” The Financial Review had to obtain the data under Freedom of Information.