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

I thank the member for Menzies for his question, and certainly I say to him he can inform Brendon that all of us in this chamber should be aware of the pressures over cost of living. Cost of living is a direct result of the inflationary impact that, in the beginning of March 2022 quarter, before this government was elected, was the highest jump in inflation we have seen this century, of 2.1 per cent. I'm sure Brendon is conscious of that, and I'm sure the member for Menzies would inform Brendon of that accurately. We have taken action, and we know there's more to do. One of the things we've done to take action is on pharmaceuticals, where we've cut the price of PBS medicines from $42.50 down to $30, the first cut in the cost of pharmaceuticals under the PBS in 75 years, since the former Labor government created that.

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