House debates

Thursday, 27 June 2024

Questions without Notice

Economy

2:01 pm

Photo of Peter DuttonPeter Dutton (Dickson, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. Core inflation, the Reserve Bank's preferred measure, is at 4.4 per cent, the highest level this year. Our core inflation is higher than that of Sweden, the UK, Norway, Canada, Japan, New Zealand, the Euro area, the US and Switzerland. Since December, core inflation has fallen in these economies, but in Australia it has increased because of Labor's reckless spending and three failed budgets. Prime Minister, why do Australians have to live in fear of yet another rate rise under this hopeless government?

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