Australian Competition and Consumer Commission (ACCC) action against Australia's supermarket duopoly
I guess the interest in this for traders of Australian financial markets (not to mention those trashing the share price of the two supermarket chains) is it may end up trimming inflation. That's me thinking out loud, we'll see.
Australia's consumer watchdog, the Australian Competition and Consumer Commission (ACCC), has accused Australia's two largest (by far) supermarket chains of misleading Australians on pricing of many products:
We'll see how this pans out. Conduct does not have to be misleading or deceptive, it merely has to be likely to mislead or deceive. I'd suggest the supermarkets will be buried on this.
Lower inflation would bring forward Reserve Bank of Australia rate cuts. Markets are currently pricing a Q1 2025 rate cut from the Bank.