New data from the Australian Bureau of Statistics shows annual inflation rose to 3.8 per cent last month, while electricity costs rose 37.1 per cent in the 12 months to October.

Treasurer Jim Chalmers acknowledged the "introduction and removal of energy rebates" at both the federal and state level had "an impact" on electricity costs while stressing electricity rebates are "not a permanent feature" of the government's budget. 

It comes as Minister for Finance, Katy Gallagher, clarifies the details of Labor's cost-saving directive to federal departments and agencies. 

• Guest: Katy Gallagher, Minister for Finance
• Producer: Isadora Bogle