Supermarkets could finally be fined billions if they price gouge

For at least a year, we’ve been hearing allegations that our biggest supermarkets have been rorting us - paying the farmers who provide them with produce too little. And charging consumers way too much. As the stores themselves rake in tens of billions dollars each year, amid an ongoing cost of living crisis.

The end result has been enraged consumers. And fiery political outbursts that have spilled over in senate inquiries in which politicians have grilled supermarket CEOs. 

And now, a new review by the government has recommended that supermarkets be fined, potentially billions of dollars, if they breach a renewed code of conduct that has been proposed. 

Today, national affairs editor James Massola on the political fight that’s led to this review. And whether it might finally result in lower prices at the checkout. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.