Shadow Treasurer Ted O’Brien has another crack on inflation:

Yesterday, the governor of the Reserve Bank said a 0.9% increase in core inflation would be “a material miss”. Today, it came in even higher. Given the Treasurer always takes credit for when inflation falls, will he now take responsibility for today’s news of inflation increasing?

Treasurer, Jim Chalmers:

Actually, I share credit when inflation comes down, as I have on many occasions from this dispatch box. I make the point that government is playing a helpful and meaningful role in our economic progress, but that the credit belongs to the Australian people, who work hard and provide for their loved ones and do the best they can. So if he’s going to get a very rare question, he may as well get it right and quote me accurately. I always share credit when things go well in our economy. And I take responsibility for working through the challenges as they present themselves in our economy. I take responsibility for the fact that this Cabinet and this government has cleaned up much of the mess that those opposite left us in the budget. I take responsibility for the fact that we work together with the Australian people to deliver two surpluses when those opposite couldn’t deliver a single one in nine years. I take responsibility for the fact that we’ve got real wages growing again after a decade of deliberate wage suppression and wage stagnation. We take responsibility for the fact that living standards are recovering after they were falling sharply under those opposite. We take responsibility to work through the challenges in our economy, whether those challenges are inflation or business investment or more work that we need to do when it comes to the sustainability of the budget.