Cost-of-living election campaign looms as long-term issues press in
- Albanese announced that Labor will impose heavy fines for price gouging by supermarkets, promising to protect consumers and farmers with fair pricing policies.
- The ACCC recommended greater pricing transparency and the implementation of an excessive pricing scheme, with a task force to advise on reforms.
- Labor plans to make the Food and Grocery Code mandatory and tackle shrinkflation with stringent penalties starting April 1.
- Chalmers and Gallagher emphasized that Labor's plan aims to support households and ensure fair competition in the grocery market.
33 Articles
33 Articles
Labor Promises to Outlaw Price Gouging if Re-elected
Labor has pledged to outlaw price gouging if re-elected through an excessive pricing regime for supermarkets. “Australian families deserve a fair price at the checkout and Australian farmers deserve a fair price for their goods,” Prime Minister Anthony Albanese said. Following the pandemic and cost-of-living crisis, allegations of supermarket price gouging arose in Australia. On Jan. 25, 2024, the federal government announced an investigation in…
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