The Australian Treasury Department has dismissed the notion that corporate profits are exacerbating inflation, although it acknowledged that the mining industry played a minor part in consumer price growth. At a recent Senate estimates hearing, a Treasury official stated that the department had evaluated the influence of corporate profits on inflation. The treasury official cited the mining sector’s considerable growth but stated that the non-mining industry had less pronounced changes. The official also remarked that due to the data’s volatility, the Treasury avoids interpreting it too much quarter to quarter. Meanwhile, the Reserve Bank of Australia has highlighted several factors that hinder its efforts to control inflation, including rising rent, weak productivity growth, and additional labour costs. The Governor of the Reserve Bank of Australia suggested that expanding household sizes could eventually cause a decrease in rent prices.