Federal Treasurer Josh Frydenberg says it's not the time to change horses when it comes to economic management, despite soaring inflation on his government's watch.

Frydenberg blamed COVID for pressuring supply chains that led to increased freight costs, and the Ukraine crisis that caused a spike in oil and gas prices as well as commodity prices that impacted supermarket prices.

"With respect to inflation, it is being driven by international factors," Frydenberg said.

He acknowledged cost-of-living pressures were real and pointed to $40 billion of tax relief since the start of the pandemic, while noting inflation growth was higher in other countries.

Federal Treasurer Josh Frydenberg says it's not the time to change horses when it comes to economic management, despite soaring inflation on his government's watch.
Frydenberg blamed COVID for pressuring supply chains that led to increased freight costs, and the Ukraine crisis that caused a spike in oil and gas prices as well as commodity prices that impacted supermarket prices.
"With respect to inflation, it is being driven by international factors," Frydenberg said.
He acknowledged cost-of-living pressures were real and pointed to $40 billion of tax relief since the start of the pandemic, while noting inflation growth was higher in other countries.

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

If it's happening in Perth, you'll hear about it first on 6PR Breakfast with Millsy and Karl!

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