House debates Questions without Notice

Economy

Monday, 4 December 2006 House of Representatives

Kevin Rudd

Kevin Rudd Griffith, Australian Labor Party, Shadow Minister for Foreign Affairs and Trade and International Security

2:20 pm

My question is again to the Prime Minister. Does the Prime Minister agree with comments by former Governor of the Reserve Bank, Ian Macfarlane, made in the Boyer lectures, that a lasting legacy of the economic management in the early 1990s was that ‘Australia had an inflation rate that was in line with world’s best practice; we had returned to being a low-inflation country’? Prime Minister, hasn’t the government’s failure to address skills shortages and infrastructure bottlenecks resulted in core inflation now rising above world’s best practice, with real implications for the cost of living for Australia’s working families?

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