Treasurer Jim Chalmers says businesses must justify price rises for customers suffering cost-of-living pain, warning against corporate gouging at a time of strong inflation.
As households grapple with rising interest rates and higher costs for everyday essentials, Dr Chalmers said consumers should not have to pay unjustifiable mark-ups.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
