How can Coles and Woolworths claim to keep prices down while recording record profits? Our two supermarket giants have recorded rising profits, each netting more than $1 billion in 2023.
With Australians buckling under cost of living pressure, families struggling to put food on the table, and interest rates climbing, households are at breaking point. In other words, “Up, up, prices are up” and “Every day high prices”.
In this extra episode of The Briefing, our investigations editor Clair Weaver joins us to explain what’s going on with Coles and Woolies' rising prices – and what we can do about it.
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