Inflation has surged to a whopping 4.6 per cent, the highest level since 2023, as fuel shocks caused by the US-Iran war continue to bite. But the cost of living hasn't stopped One Nation leader Pauline Hanson from taking to social media to celebrate her "sexy" new private plane. Treasurer Jim Chalmers has hit out at the announcement, labelling the Senator a "wholly owned subsidiary" of billionaire Gina Rinehart — so could the optics hurt the minor party? It comes as Anthony Albanese delivered his "largest" pre-budget speech. Speaking at a Chamber of Minerals and Energy event in WA, the PM effectively ruled out a gas profits tax in the budget — saying it wasn't the time to jeopardise regional partnerships. Patricia Karvelas and David Speers break it all down on Politics Now. Got a burning question? Got a burning political query? Send a short voice recording to PK and Fran for Question Time at thepartyroom@abc.net.au