Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. On Tuesday, in response to a question from Senator McGrath, you said that in many countries inflation peaked higher than it did in Australia. You went on to say, 'So, it would make sense that our return to inflation to a target range will be later than in those other countries.' Minister, why is inflation staying higher for longer in Australia than in countries where it hit an even higher peak?