Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

As I said yesterday, we have inflation currently running at about 4.2 per cent, which is actually right. I think the key question, as touched on by the Treasurer before, is whether you think inflation is a problem or not. That is actually what is being debated here, and that is what is at stake. There is one side of politics which accepts that there is an inflation problem and there is another side of politics which says that it is a charade and a fairytale. The contrast is absolutely clear-cut. We are acting on the inflation challenge; those opposite are ignoring it.

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