US EditionAustralia’s supermarkets grew profit margins as living costs soared, says regulator
- More than 40% of Australians have changed their grocery shopping habits since the ACCC inquiry began last year, with some shopping at major supermarkets less frequently, according to research from Canstar Blue.
- The ACCC's report revealed that grocery prices have increased 24% over five years, criticizing supermarkets for not passing on savings, although it did not classify the sector as an 'oligopoly' or accuse them of price gouging.
- The Albanese Government has agreed in principle to the ACCC's 20 recommendations to ensure better competition and transparency in the supermarket sector, aiming to help farmers and suppliers.
- Treasurer Jim Chalmers stated that the government's actions aim to provide a fair deal for families at the checkout, stressing that Australians shouldn't be taken advantage of by supermarkets.
38 Articles
38 Articles
How the damning supermarket inquiry has changed Aussie shopping habits
More than 40 per cent of Australians have changed their grocery shopping habits following the ACCC inquiry into supermarket pricing, which was launched last year before the findings were released overnight.According to research from Canstar Blue, consumers are now more cautious than ever when shopping at major supermarkets, with 17 per cent admitting they're shopping at them less frequently.This comes after the report revealed that Woolworths an…
ALDI, Coles, and Woolworths Among the Most Profitable Supermarkets Globally: ACCC
The much-awaited report from the ACCC inquiry into Australian supermarkets has been released with the competition watchdog concluding that Coles, Woolworths, and ALDI are among the world’s most profitable chains. At the same time, among numerous findings, the Australian Competition and Consumer Commission (ACCC) said it was difficult for new larger competitors to enter the market. The ACCC said the average product margins for the three majors ha…
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