No price gouging in Aussie grocery sector, says ACCC
Australian competition regulator’s report finds grocery prices increased only marginally more than prices for other goods and services.
Although it contained no hard-hitting recommendations, the report said Australia had an ‘oligopolistic market structure’..
A year-long inquiry into Australian supermarket giants Coles and Woolworths by the competition regulator has found that, while they enjoy some of the best profit margins in the world, there was no evidence of price gouging.
The Australian Competition and Consumer Commission report, released today,
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