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) (14:04): The comment that I made this morning was accurate. We see in the consumption data, in retail trade and in a range of the other economic datasets the impact that those interest rate increases are having on households. I would say that inflation now is significantly less than it was when we came to government. Let's remember when the interest rate increases commenced: they commenced under you, Senator Birmingham. That is the economic impact. Senator Duniam: Oh, okay—it's all our fault! Senator GALLAGHER: No, I am merely pointing out the facts: when the RBA started their interest rate increases, it was happening in an environment where inflation was higher and you were in charge. We have managed to bring that inflation down. We want it to come down further, but we have done the hard work, through our fiscal policy and other measures, to make sure that is the case.