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

The comment that I made this morning was accurate. We see in the consumption data, in retail trade and in a range of the other economic datasets the impact that those interest rate increases are having on households. I would say that inflation now is significantly less than it was when we came to government. Let's remember when the interest rate increases commenced: they commenced under you, Senator Birmingham. That is the economic impact.