House debates

Tuesday, 4 June 2024

Questions without Notice

Economy

2:30 pm

Photo of Angus TaylorAngus Taylor (Hume, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. The latest ABS monthly data shows domestic inflation is growing at five times imported inflation. It also shows core inflation increased to 4.1 per cent in April, which is higher than the UK, the US, Japan, Canada and the euro area. After three failed Labor budgets driving up the price of groceries, electricity and mortgages, will the Treasurer finally admit, as the RBA governor has pointed out, that inflation is homegrown?

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