WATCH: Trudeau addresses ‘Justinflation’ during Question Period

The moment came after Trudeau accused MP Calgary-Nose Hill MP Michelle Rempel Garner of misrepresenting the inflation crisis.

"Misrepresenting the inflation crisis?.. Tell that to someone in Kelowna today that's paying 1.67/L for gas... The prime minister has misrepresented to Canadians his ability to manage basic economic crisis, and what he could do today to reassure Canadians is tell them that he understands, that he's gonna quell this crazy talk about the bank of Canada, wading into policy that the has responsibility for, and keeping inflation at 2 percent."

Trudeau responded: "For the past weeks, what have we seen from the Conservatives? Telling Canadians that the problems they're facing with increased affordability, increased prices on everything, difficulty buying gas... They've shrugged and said it's 'Justinflation'. Well, it's not 'Justinflation,' while they play word games, we have to focus on delivering on housing, delivering on childcare... and the support Canadians need, while they play cheap political games."

Carleton MP and Shadow Finance Minister Pierre Poilievre would later bring up the prime minister's past comments of "not thinking about monetary policy," something Poilievre called "Justincredible."

"Even after house prices increased by a third, he didn't think monetary policy... Because he only thinks about himself. Won't he admit that what it took for him to start thinking about inflation is when we put his name in the word?"

Poilievre would continue to pressure Trudeau on Canada's inflation crisis, saying that Trudeau was someone who lived on his assets rather than his income.

"... Inflation hits folks who live off income the hardest, because their paycheque is worth less, while helping those people, like him, who live off ancestral assets. Their assets appreciate and inflate in value, so maybe the reason he doesn't think about inflation is because he benefits from it. For example, can the prime minister tell us how much his mansion in the Laurentian has inflated in price since he took office?"

Trudeau would not reveal the value of his mansion.