Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Hansard source

This is fundamentally a question about inflation, Senator and, you're right, inflation is higher than we would like it to be, but I make the point that it is around a third of we inherited at the election.

I'll take the interjection from Senator McKenzie, again. If I may say, Senator, it's not your finest interjection: 'Whose fault is that?' That's what she said. 'Whose fault is that?' So, when we inherited in monthly inflation nearly three times what it is now, whose fault was that? The reality is that inflation is about a third of what the Labor government inherited at the election and around a quarter of its peak. Let's remember that. This is encouraging. I know that you don't celebrate it, but we actually think it's a good thing for working people, for Australians, that inflation is lower.

We know there is more to do, Senator, and, unlike you, we are for higher wages and lower taxes for working people. That is not the position of the Liberal Party. (Time expired)