This will also form much of the Coalition’s debate this evening:

Dutton:

We have the highest core inflation rate of any of the G7 nations. So, interest rates have gone higher faster here than in other areas of the world. And, as you know, we’ve had seven consecutive quarters in this country of negative household growth. So, households have gone backwards.

That hasn’t been the case in other parts of the world, including in comparable economies. And the home-grown inflation that the Reserve Bank has spoken about here is a big part of why we’ve had a 30% increase in grocery prices. But it doesn’t stop there.

It’s 32% increase in electricity prices. 34% for gas. Rents are up by 17%. I just don’t think Australians can afford three more years of a bad Labor government, and particularly if it’s a Labor-Greens government – that will see inflation come back into the system, which will force interest rates higher again. And that’s why interest rates will always be lower under a coalition government.

OK, inflation came LATER to Australia. And the RBA began increasing interest rates LATER than the nations that Dutton is talking about. So inflation began to come off those other nations earlier – because inflation had come to them earlier. Economists are beginning to speak about the need for the RBA to cut rates four more times, so the situation that Dutton is describing is rapidly changing.