Greens Party Initiates Inquiry into Supermarket Pricing Amid Australia’s Cost of Living Concerns
In response to growing concerns over Australia's high cost of living, the Greens party has announced plans to lead a parliamentary inquiry into what they term "price gouging" by major supermarkets. The inquiry will specifically focus on market concentration and pricing strategies employed by the dominant players, Woolworths and Coles, which collectively account for about two-thirds of the country's grocery sales. Greens Senator Nick McKim, in a statement, highlighted the inquiry's objectives, emphasizing scrutiny of the impact of market concentration...