Senate debates

Monday, 27 November 2023

Questions without Notice

Economy

2:52 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

I thank Senator Hume for her question. Governor Bullock did make some comments last week. In particular she made it clear that inflation in this country under the policies of the Albanese Labor government is moderating, but it has been more persistent overseas, and it's expected to be more persistent here as well. In other words, she acknowledges that the inflation situation is moderating, and I'd put it to you, Senator Hume, that it's because of the policies of this government. The reality is, as Governor Bullock made clear, that inflation has been more persistent overseas, and it's expected to be more persistent here as well.

There are a few parts of the inflation challenge—

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