Uploaded September 2026 | Updated September 2026, 3 weeks ago
Grocery prices in Australia have increased by 8 to 12 per cent over the last 12 months, with cumulative rises since 2022 significantly outpacing wage growth. The duopoly between Coles and Woolworths, combined with high barriers to entry for competitors, is driving prices up compared to markets like the UK which have over 12 competing retailers and stronger mandatory regulations. Retail expert Lisa Asher from the University of Sydney Business School calls for a royal commission into big retail, arguing that rising poverty and inability to afford groceries threatens Australia's social cohesion.
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Grocery prices in Australia have increased by 8 to 12 per cent over the last 12 months, with cumulative rises since 2022 significantly outpacing wage growth. The duopoly between Coles and Woolworths, combined with high barriers to entry for competitors, is driving prices up compared to markets like the UK which have over 12 competing retailers and stronger mandatory regulations. Retail expert Lisa Asher from the University of Sydney Business School calls for a royal commission into big retail, arguing that rising poverty and inability to afford groceries threatens Australia's social cohesion.
Subscribe and set 🔔 » 7news.link/YTSubscribe |
For the latest Australian news and breaking news alerts, connect with 7NEWS online:
Visit » https://7news.com.au
7Plus » https://7plus.com.au/
7NEWS Podcast » open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi
Facebook » facebook.com/7NewsAustralia
TikTok » tiktok.com/@7newsaustralia
Instagram » instagram.com/7newsaustralia
X » https://x.com/7NewsAustralia
7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus.
#BREAKINGNEWS #7NEWS
