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Thursday, 5 December 1974

Mr WHITLAM - There are, of course, some domestic reasons which account for the serious rate of inflation in Australia. I have taken every available opportunity to seek the co-operation of Australians in countering those domestic components of inflation. Nevertheless, I must recognise, and Australians altogether should recognise, that the main components of inflation now are international. It surely should be obvious to everyone that all the countries with societies and economies comparable to ours are suffering inflation.

Mr Malcolm Fraser - Would you ask the Treasury to examine the components of inflation?

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