price-gouging

‘Trying to rush through laws which have considerable unintended consequences, including harming consumers with increased prices, is not the answer.’

It easily slots into the need for a compelling narrative of heroes (trade unions), villains (business), and victims (the rest of us)—and its mostly wrong.

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.

The ACCC will conduct a 12-month inquiry into the pricing practices of supermarkets and factors influencing prices in the supply chain.

Farmers continue to suffer despite Australian supermarkets being under scrutiny for price gouging and code breaching.

‘The big supermarkets have had too much market power. This allows them to dictate prices and terms that are hitting people hard,’ said Greens senator.