Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

I would just remind those opposite—I'll just make a few points. We know that we have seen inflation increase over a period of time, prior to us coming to office, and we know that this government has had to try and work to bring down inflation. I would make the point that, when we came to office, inflation was higher and rising, and now it is lower and falling. I would make the point that inflation was 6.1 per cent at the time of the election and is now 2.8 per cent. It is less than half of what we inherited and about a third of its peak.

Now, you are right, Senator: inflation remains a key challenge, and one that this government is focused on. You are wrong in pointing to your own record as one that is anything to be proud of.