Senate debates

Thursday, 16 November 2023

Questions without Notice

Cost of Living

2:13 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Well, I'm sorry if you don't accept the data, but that is what the data shows. The government has the responsibility to deal with this inflation challenge that we inherited from the failure of your government to make the necessary investments, particularly in the productive side of the economy and also in areas like the energy transition, and others, which you failed to address. We are now addressing it, and we are ensuring that the decisions we take don't add to the inflation challenge in the economy. That has been supported—as much as you don't like to admit it—by the new Reserve Bank governor, by the Treasury secretary and by the ABS in the data that they have provided on the monthly inflation figures, where we've seen that the decisions that this government took to put downward pressure on inflation, despite your opposition to it, have actually taken half a per cent off CPI. That is the result of the decisions that the government have taken, and we're doing that, we're repairing the budget and we're investing in the productive side of the economy—dealing with housing, skills and the energy transition all at same time.

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