Woolworths and Coles Cite Supplier Pressure in Senate Inquiry
Coles and Woolworths are pointing to multinational suppliers as the cause of rising grocery prices, during their appearance at the Senate’s cost of living inquiry. The supermarkets claim they’ve been pressured to increase prices on thousands of products, contributing to an 18% price rise over the past three years.
However, Shadow Finance Minister Jane Hume argues that suppliers contradict these claims, suggesting that supermarket margins may be the real issue. The debate continues as the Senate investigates the factors driving up grocery costs.
Source Skynews