Yesterday the Treasurer stood at the dispatch box and tried to blame Australia's inflation crisis on a war overseas. But yesterday the Reserve Bank governor, Michele Bullock, told Australians something very different:

Importantly though, it is not just these global pressures that are driving inflation in Australia.

She warned of persistent domestic inflationary pressures, weak productivity and demand exceeding our economy's capacity to supply—and she confirmed that government spending contributes to that demand. Yet the Treasurer wants Australians to believe this crisis is everyone else's fault but his own.

Inflation has risen to 4.3 per cent. The Foodbank hunger report tells us that one in three Australian households is experiencing food insecurity. Families are going hungry while this Treasurer plays politics with the truth. If Jim Chalmers cannot be honest with himself about—

Member for Lyne!

If the Treasurer cannot be honest with himself about the causes of inflation, how can he be honest with the Australian people? Australians are paying the price at the supermarket checkout, in their mortgage repayments and in the meals they can no longer afford. Australians deserve a Treasurer who takes responsibility, not one who twists the warnings of the Reserve Bank to suit his political narrative. Stop the excuses. Stop the blame-shifting. Take responsibility, because Australians cannot afford another four years of Labor's economic failures.