Australia is boosting funding to crack down on supermarket pricing, as regulators sue the nations’s two biggest supermarket chains over fake discount claims. Australia has one of the world’s most concentrated supermarket sectors, with Woolworths and Coles controlling just over half of the market, according to Bloomberg Intelligence. Analysts say a lack of competition across key sectors is hurting consumers and the economy. Barrenjoey’s Tom Kierath say the ACCC case may not "demonstrably change" supermarket competition.
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News post in October 15, 2024, 12:04 pm.
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