Are supermarkets price-gouging customers? The answer may be more complicated than it seems
ABCGiven the high prices people are paying, supermarket chains aren't super popular with the Australian public right now. "Our recent national survey asked consumers what they thought of the prices being charged by major supermarkets, and 60 per cent of people told us they believe the increases seen at Coles and Woolworths are not simply due to higher costs and that Coles and Woolies are making a lot of money from the price increases we see at the check-out." But the ACCC needs the green light from the government to comb through both the public accounts and the ones the supermarket chains keep to themselves to definitively call out "price-gouging", Professor Fels says. Professor Fels says there are several "Aldi-type" supermarket chains who wish to set-up shop in Australia. He's also aware of two "Aldi-type" supermarket chains who wish to set-up shop in Australia but face barriers, like securing physical space in big shopping centres.
History of this topic
Supermarket wars as Sainsbury’s makes price match promise across all stores
The IndependentShould shops be required to show grocery prices on the shelf to help Australians budget in a cost of living crisis?
ABCACCC report finds Australians have lost trust in supermarkets as it focuses on Coles and Woolworths' market power and barriers to entry
ABC
Australia's cheapest supermarket is revealed: Here's where you can get the most bang for buck
Daily MailHow did Coles and Woolworths become so powerful? The story of the big two supermarkets
ABCSupermarkets as you know them are disappearing from our inner cities — and it means more uncertainty about what you'll pay
ABCGreens move to establish Senate inquiry into allegations of price-gouging by Coles and Woolworths
ABCMore Australians shopping for groceries online to ensure they're getting value for money as cost-of-living pressures remain
ABCDiscover Related
