Hon GRANT ROBERTSON: As the member well knows, 2022 is the only year where inflation outpaces wages in New Zealand. In terms of the forecast period and in terms of the period coming into this, 2022 is a very challenging year. I would note for the member that Philip Lowe, the Governor of the Reserve Bank of Australia, made the statement just in recent days that Australia's inflation will reach 7 percent by the end of the year. Most forecasters in New Zealand are forecasting New Zealand to peak at around 7 percent inflation.