Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

The Treasury of course in the budget give their forecasts for inflation over the forward estimates, which will include the stage 3 tax cuts when they come into operation. You can see what the Treasury forecast there in terms of inflation. It's forecasting that inflation will track back towards the more normal range over the next 18 months.

Senator McKim also said the Treasurer had outlined a plan for inflation, and we do have a plan for inflation. It's a three-point plan. There is cost-of-living relief, where we can sensibly and meaningfully make a difference without adding to inflation, which is our child care, our relief for energy bills, our investments in cheaper medicines, to deal with the supply chain issues, which is workforce and skills, and to show budget and spending restraint in May. That is the plan that we have and that we are implementing.