Treasurer Jim Chalmers says the current voluntary regime is ’too hit and miss’ and there’s no way of knowing if the right mergers are being scrutinised.
With cost-of-living pressures rising, consumers have been calling for the grip of the two major players to be loosened, but the government has rejected this.
If ‘price gouging’ were driving inflation, then you would expect the increase in food and groceries to be greater than the rate of inflation—but it’s not.