Cost of Living
Background
The member cited statistics claiming a 19.4 per cent increase in living costs for working households since May 2022, including specific rises in food, housing, healthcare, education, and insurance costs.
Question
The member asked why Australians were facing increased costs despite government rhetoric, attributing the situation to economic incompetence. He highlighted specific percentage increases in various cost categories over the previous three years.
Includes 2 supplementary questions.
Answer from Penny Wong
The minister stated that inflation had fallen to a third of its election level and real wages were growing. She noted the government had achieved the lowest average unemployment rate in 50 years and created 1.1 million jobs. She acknowledged ongoing cost-of-living pressures but argued the situation was better than at the election. She accused the opposition of voting against cost-of-living relief measures.
Summary in reported speech - not a transcript. AI-generated, so check the source.