The Age
·general
·1 hour ago
Coles and Woolworths face scrutiny as food prices soar amid supply chain
Coles and Woolworths are facing increased scrutiny as food prices rise due to the Iran war's impact on supply chains. Analysts predict a 4 percent annual food inflation rate, influenced by soaring transportation and fertilizer costs. Despite the pressures, supermarkets may avoid drastic profit increases to restore customer trust amid ongoing allegations of misleading discount practices.
Summary by Glance · The Age
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