Jane Hume (Victoria, Liberal Party, Shadow Minister for Employment and Industrial Relations) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. In a recent interview, the Deputy Governor of the Reserve Bank, Andrew Hauser, said that inflation was well above target even before the conflict in the Middle East. Given that economists widely accept that fuel prices push up transport costs and business input costs across the economy, why didn't the Treasurer act sooner to get inflation under control when it was already above target before rising petrol prices risked pushing inflation even higher?