Motion passes for Senate inquiry into supermarket price gouging

The CEOs of Woolworths and Coles have insisted they will front an inquiry that will look into price gouging during Australia’s cost of living crisis after the motion passed the Senate.

First flagged this past weekend, the Senate Select Committee on Supermarket Prices will now be established and will examine the costs and revenues of Woolworths and Coles which both reported profits of over $1 billion earlier this year.