The competition watchdog will examine the retail margins of eight product groups, including milk, bread rolls, coffee and chocolate, under its new legislative power to guard against price gouging by supermarkets Coles and Woolworths.
The laws are designed to limit “excessive pricing of groceries” and are the first of their kind globally. They target supermarkets with annual revenue of over $30 billion – essentially just the big two – and kicked in from July 1.
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