ACCC fails to find smoking gun on supermarket price-gouging
After a 12-month inquiry, the regulator has not been able to support claims that Coles and Woolworths are to blame for the inflationary cost-of-living squeeze.
It would be terrific if Australian consumers had more big supermarket chains and there’s nothing wrong with looking for ways to sharpen grocery competition faced by Woolworths and Coles.
But, after a 12-month inquiry, the Australian Competition and Consumer Commission has not come up with any smoking gun to support claims that price gouging is to blame for the inflationary cost-of-living squeeze.
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Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com
