Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

The premise of the question is utterly absurd. As I just said, inflation under our government has averaged 2.6 per cent and under the government of the party which Senator Sherry belongs to it averaged 5.2 per cent. The government has not lost control of inflation. The government is determined to ensure that inflation remains under control. Interest rates under our government have averaged some 7.17 per cent compared with 12.75 per cent under the former Labor government. Australians are much better off after 10 years of our government than they ever were under 13 years of Labor.