Simon Birmingham (SA, Liberal Party, Shadow Minister for Foreign Affairs) Share this | Hansard source

Minister, yesterday you stated that 'the RBA forecast and the Treasury forecast are very similar'. Treasury has forecast an inflation rate of 3½ per cent for the June quarter. The RBA has forecast a different figure, at 3.8 per cent for the June quarter. And of course inflation for the month of May is running at four per cent above both those forecasts. Is inflation still on track to reach the RBA's target band by 2025, or not?