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Money

Households struggle as supermarket giants deny price gouging

Published

2 years ago

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In a recent interview with Four Corners, CEOs of Australia’s major supermarket chains, Coles and Woolworths, addressed allegations of price gouging amid rising concerns over soaring grocery costs.

Despite mounting complaints from consumers, both companies staunchly denied engaging in such practices.

The denial comes amidst a backdrop of heightened financial stress for Australian households, with new research from Finder revealing a significant increase in the number of families struggling to afford their groceries.

Key Findings:

  • Nearly 2 in 5 Australians (39%) identify their grocery bill as a major financial stressor, equivalent to approximately 3.6 million household.

  • This marks a notable rise from 29% (2.7 million households) recorded just two years ago.

  • The average Australian household now spends $188 per week on groceries, totaling $9,776 annually.

  • Finder’s research also indicates that 92% of Australians have adopted various strategies to save money on groceries.

  • Over half of shoppers (53%) resort to bulk buying kitchen staples, while 61% visit multiple grocery stores to seek lower prices.

  • Additionally, 38% of shoppers utilise coupons to secure discounts.

Angus Kidman, a money expert at Finder, weighed in on the matter, stating:

“The rising cost of groceries is putting a significant strain on household budgets. Many are at breaking point and in need of some reprieve.

“There are steps households can take to stretch their grocery dollars further. Every little bit counts, so it’s important to shop around and take advantage of promotions and sales.”

Kidman further advised consumers to consider switching to home brands and adhering to shopping lists to avoid impulse purchases.

He also highlighted loyalty schemes offered by Coles and Woolworths as potential avenues for accessing special prices and discounts.

Despite the supermarkets’ denials, the pressure on Australian households to manage escalating grocery expenses remains palpable.

As families grapple with financial strain, the call for transparency and affordability in the grocery sector continues to resonate.

Related Topics:

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

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1 day ago

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January 23, 2026

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US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.


The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection


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Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

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3 days ago

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January 21, 2026

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U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.


U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker


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Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

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January 20, 2026

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Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.


Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews


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