The Government understands working families are feeling the pinch from rising grocery prices, and is taking action to help ensure they are not paying a cent more at the checkout counter than necessary.
Taking action at the checkout counter
The Government will help consumers locate the cheapest groceries in their area.
The Government believes more can be done to ensure that working families have access to a competitive market for everyday food items.
The Government has directed the Australian Competition and Consumer Commission (ACCC) to conduct an inquiry into the competitiveness of grocery prices in Australia covering all aspects of the grocery supply chain — from the farm gate to the checkout counter.
The Government is also committed to ensuring maximum transparency in the grocery market and has instructed the ACCC to provide a monthly survey of the prices for typical grocery baskets (for example, meat, vegetables and dairy products) across Australia. This will help people find the cheapest supermarket chain in their area.
The Government has also made it easier for new overseas competitors to enter the Australian marketplace by relaxing restrictions that have prevented them from buying vacant land to build new supermarkets.
Grocery price increases over the past two years
