A PYMNTS Company

Australia: Authorities should back off of supermarket sector, says consumer report

By  |  January 28, 2013
Australia: Authorities should back off of supermarket sector, says consumer report

A report released by the Institute for Public Affairs warns that consumers will have to pay higher grocery prices unless the Australian Consumer and Competition Commission allows Coles and Woolworths to continue its price war. The consumer group says that an increased presence by the ACCC in the supermarket sector will ultimately force up prices, noting that when Coles decision to cut the price of milk – soon followed by Woolworths – the government probed the incident, ultimately deciding against the price-cut. The reports calls the incident an example of the “political football” played by authorities in the food market.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Australian

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.