House debates Questions without Notice

Interest Rates

Monday, 30 October 2006 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Shadow Treasurer

2:22 pm

My question is directed to the Prime Minister. Is it the case that households have experienced an eight per cent hike in the price of bread, a 4.5 per cent hike in the price of milk, a 9.3 per cent hike in the price of vegetables, a 6.5 per cent hike in the price of eggs, a 6.3 per cent hike in the cost of recreational activities, a five per cent increase in health costs and a massive 14.4 per cent hike in childcare costs all over the last 12 months? Prime Minister, yesterday you said inflation was ‘extremely low’. If this is the case, have households imagined these increases?

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