Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

Last Friday I was listened to RN, and the New South Wales Treasurer said: 'Inflation has peaked this year. There are significant headwinds being caused by the war in Ukraine which are driving up the price of coal and gas, and that is feeding through to electricity prices. This is a global issue, and all reserve banks are fighting inflation.' Indeed, the Reserve Bank is fighting inflation, and it says that our action is actually assisting it in doing this. That's why 99 per cent of the revenue gains were returned to the bottom line, making a positive difference.

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