Senator GALLAGHER (Australian Capital Territory—Minister for the Public Service, Minister for Finance, Minister for Women, Manager of Government Business in the Senate and Vice-President of the Executive Council) (14:13): The point I made earlier in the week is the correct point—that the inflation challenge arrived in this country later than it did in similar economies around the world. Obviously when your inflation challenge is going along the trajectory that we have seen in this country it will take time to come down. That's what we've seen in other countries as well. That is what happens. In many of those countries it peaked higher than it peaked here, and it is tapering off now, as it is here in Australia. Senator Bragg: No it's not; it's getting worse! Senator GALLAGHER: 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. The PRESIDENT: Senator Smith, a first supplementary?