Australia's New Grocery Price Rules: A Controversial Move
Update: 2025-12-14
Description
Australian supermarkets, Coles and Woolworths, express concerns over new government regulations aimed at preventing excessive pricing of groceries. The new rules, part of changes to the Food and Grocery Code of Conduct, could potentially increase costs for shoppers. The ACCC will enforce these regulations, with hefty fines for non-compliance. Industry groups and retailers argue that these measures lack evidence and could worsen the cost-of-living crisis, suggesting a focus on reducing supply chain costs and unnecessary regulations instead.
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