AUSTRALIAN Prime Minister Anthony Albanese has bowed to industry and political pressure to announce an inquiry into supermarket food pricing, including examining the difference between farmgate and retail pricing.
Mr Albanese told the National Press Club today that the treasurer, Jim Chalmers, will be directing the Australian Competition and Consumer Commission to conduct a 12-month price inquiry into the supermarket industry.
“The ACCC has significant powers and it is the best and most effective body to…