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https://theconversation.com/supermarkets-airlines-and-power-companies-are-charging-exploitative-prices-despite-reaping-record-profits-222755>
"Australians have been hit by large rises in grocery, energy, transport, child
and aged care prices, only adding to other cost of living pressures.
While extreme weather and supply delays have contributed to the increases, an
inquiry into what’s causing the hikes has confirmed what commentators and
consumers suspected - many sectors are resorting to dodgy price practices and
confusing pricing.
Headed by the former Australian Consumer and Competition Commission (ACCC)
boss, Allan Fels, on behalf of the ACTU, the inquiry found inflation,
questionable pricing practices, a lack of price transparency and regulations, a
lack of market competition, supply chain problems and unrestricted price
setting by retailers are to blame for fuelling the increases.
The inquiry, which released its final report on Wednesday, is one of four
examining price rises. The other three are being undertaken by a Senate
committee, the Queensland government and the ACCC, which has been given extra
powers by the government."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
