Coles Group faces court over alleged fake discounts as inflation and price claims spark scrutiny; Aussie groceries giant, runs Coles, Liquorland, Kmart? (brief bio)
The ACCC is pursuing legal action against Woolworths and Coles, alleging they have used misleading pricing tactics in their 'Prices Dropped' campaigns. The regulator claims the supermarkets have temporarily inflated prices before reducing them to create false discounts, impacting millions of sales. The case continues in Sydney today.
The conflict in Iran has pushed up energy prices and fuel costs, with gas and oil contributing to higher household bills. The price cap review set for 1 July to 30 September 2026 is expected to show a rise, while a think tank identifies towns most vulnerable to energy-spending shocks.