House debates

Wednesday, 26 June 2024

Questions without Notice

Economy

2:19 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

The fact is that inflation is lower than what we inherited. The fact is that the measures that we have put in place that have put downward pressure on inflation, such as energy price relief, have had a substantial impact on helping to drive down that inflation. Michele Bullock, the RBA governor, was asked: how is Australia's experience in regard to core inflation since the beginning of this year different or the same to that which has been observed in the US, Canada or the European area? This is what the RBA governor had to say: 'It's a very similar experience.' She went on to say: 'If you look at core inflation and services inflation, in particular, overseas, the experience there is very similar to here.' She went on to say this—

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