Calls for royal commission into supermarket competition
Grocery prices in Australia have increased by 8 to 12 per cent over the last 12 months, with cumulative rises since 2022 significantly outpacing wage growth. The duopoly between Coles and Woolworths, combined with high barriers to entry for competitors, is driving prices up compared to markets like the UK which have over 12 competing retailers and stronger mandatory regulations. Retail expert Lisa Asher from the University of Sydney Business School calls for a royal commission into big retail, arguing that rising poverty and inability to afford groceries threatens Australia's social…
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