The Greens will spearhead a select Senate inquiry into the price gouging of major supermarkets amid Australia’s cost of living crisis.<\/p>\n\n\n\n
The inquiry will scrutinise the impact of market concentration on food prices and the pattern of pricing strategies employed by the supermarket duopoly.<\/p>\n\n\n\n
It will also assess the rise in essential item prices, the validity of discounts offered, and the inflation of profits during economic hardship.<\/p>\n\n\n\n
\u201cColes and Woolworths are making billions in profits by price gouging in a cost of living crisis,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said.<\/p>\n\n\n\n
\u201cFor too long the big supermarkets have had too much market power. This allows them to dictate prices and terms that are hitting people hard.\u201d<\/p>\n\n\n\n
\u201cIt\u2019s time to smash the duopoly.\u201d <\/strong><\/p>\n\n\n\n \u201cColes and Woolworths are making billions in profits because they feel that they can overcharge people without repercussions. It needs to end.\u201d<\/p>\n\n\n\n \u201cWe want the CEOs to justify their decisions in a public hearing.\u201d<\/p>\n\n\n\n “This inquiry is a critical step toward dismantling the market concentration that’s led to unfair pricing and stifled competition.\u201d<\/p>\n\n\n\n \u201cWe\u2019ll find a way to dismantle their power and bring grocery prices down.\u201d<\/p>\n\n\n\n “It is about ensuring that Australians can afford to eat without being exploited, and that suppliers are treated fairly.\u201d <\/p>\n\n\n\n The Greens will spearhead a select Senate inquiry into the price gouging of major supermarkets amid Australia’s cost of living crisis. The inquiry will scrutinise the impact of market concentration on food prices and the pattern of pricing strategies employed by the supermarket duopoly. It will also assess the rise in essential item prices, the … Continue reading “GREENS LAUNCH SENATE INQUIRY INTO SUPERMARKET PRICE GOUGING”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-24373","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=24373"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24373\/revisions"}],"predecessor-version":[{"id":24374,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/24373\/revisions\/24374"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=24373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=24373"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=24373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Terms of reference:<\/strong>
The price setting practices and market power of major supermarkets, with particular reference to: <\/p>\n\n\n\n