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Low-income families are spending a fifth of their income on groceries, with the price of a typical basket of supermarket goods increasing by more than 20 per cent in the past five years, according to a new interim report by Australia’s consumer watchdog. The prime minister says “customers don’t deserve to be treated as fools by the supermarkets”. “They deserve better than that,” Anthony Albanese said. “This is an important piece of work and we will study it closely.
says supermarket retailing in Australia is an oligopoly, with Woolworths and Coles accounting for 67 per cent of supermarket retail sales nationally. Aldi accounts for 9 per cent and Metcash supplied independent supermarkets 7 per cent. will also grill senior executives of the major supermarkets and other relevant stakeholders during public hearings in November, and will question their treatment of farmers and consumers. Many grocery suppliers have told the
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