Fresh promises to tackle price gouging

Fresh promises to tackle price gouging

Both major political parties have put the rising cost of living at the centre of their election campaigns — and with that have come fresh vows to address the issue of supermarket price gouging. But while fluctuating grocery prices can be attributed to issues of supply and demand, price gouging itself is difficult to measure, according to Monash University associate professor of economics Dr Chengsi Wang. “[Price gouging] refers to the scenario w…