Senate debates

Monday, 13 November 2023

Questions without Notice

Cost of Living

2:54 pm

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

Last week, Australians were delivered devastating news of another interest rate rise by the Reserve Bank. Rates are now at the highest they've been since the Labor government was last in power, in 2011. Inflation is growing faster than for 15 members of the G20, and the ABS data shows that domestic inflation is growing faster than trade exposed inflation. Minister, doesn't the data now show that Australia's rate of inflation is more of a Labor problem than a global problem?

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