The Economic Times News

What is Price Gouging? Australian government brings new rules to reduce grocery bills, giant retailers to face penalty in case of breach; all you need to know

Australia is introducing new rules to curb excessive grocery pricing. Starting July 1, 2025, supermarkets will be prohibited from charging prices that are too high compared to supply costs. This move aims to lower grocery bills for families. Retailers face significant fines for non-compliance. The government emphasizes fairness in 'weekly shopping.'