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Thursday, 5 December 1974

Dr J F Cairns (LALOR, VICTORIA) - The comparison between rates of inflation in the OECD countries and Australia has been under discussion in the House for some time. The Opposition has consistently taken the view that the rate in Australia is now higher than in the other OECD countries. That is true if one bases it on a 1961-71 average. But if one bases it on a 1972 average the rate in Australia was higher than in the OECD countries and that rate has diminished.

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