Jane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. In April last year, the now Treasurer said:

This is a full-blown cost of living crisis … a triple whammy of skyrocketing costs of living, falling real wages and rising interest rates.

Since the election, the cost of living has truly skyrocketed. Inflation is at its highest point in 30 years, real wages can't keep up and interest rates are at their highest point in a decade. Minister, does the Treasurer acknowledge that under this Labor government there is truly a full-blown cost-of-living crisis?