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Money

Households struggle as supermarket giants deny price gouging

Published

2 years ago

on

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

Middle East tensions rattle markets as traders await U.S. jobs data

Geopolitical tensions impact global markets; Wall Street anticipates strong jobs report, affecting dollar strength and Fed rate outlook.

Published

6 hours ago

on

March 6, 2026

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Geopolitical tensions impact global markets; Wall Street anticipates strong jobs report, affecting dollar strength and Fed rate outlook.


Rising geopolitical tensions in the Middle East are sending ripples through global markets, as investors weigh the potential impact on currencies, commodities and inflation expectations. Risk sentiment has been shaken, while energy prices and safe haven assets remain firmly in focus.

At the same time, Wall Street is preparing for the latest U.S. non-farm payrolls report, with analysts forecasting around 55,000 jobs added. However, market chatter suggests the figure could come in stronger, raising questions about the resilience of the U.S. economy and the path for interest rates.

Steve Gopalan from SkandaFX, explains why the U.S. dollar has strengthened during the turmoil and what a surprise jobs result could mean for the Federal Reserve’s rate outlook.

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Money

Dow tumbles over 1,000 points as oil surges past 80 amid Iran tensions

Stocks plummet over 1,000 points amid oil price surge and Iran tensions; market implications discussed by Kyle Rodda.

Published

10 hours ago

on

March 6, 2026

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Stocks plummet over 1,000 points amid oil price surge and Iran tensions


Stocks were rattled this week as the Dow dropped more than 1,000 points, driven by surging oil prices that surpassed 80 dollars a barrel. The spike comes amid escalating tensions in the Iran conflict, sparking concerns for investors worldwide.

Kyle Rodda from Capital.com breaks down the key factors behind the market plunge, which sectors were hit hardest, and how the previous day’s slight stabilisation of oil influenced trading.

The implications of rising oil and geopolitical uncertainty could have lasting effects on the global economy. Watch as Kyle explains what to watch next in the market and how investors are responding to these turbulent times.

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Money

How Iran conflict is driving oil prices and global market volatility

Published

1 day ago

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March 5, 2026

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Energy prices soar amid Iran conflict, with investors reassessing risks and market dynamics.


The ongoing conflict in Iran has sent energy prices soaring and markets reeling. Investors are reassessing inflation expectations, central bank rate paths, and global growth prospects as risk aversion rises.

David Scutt from Stonex gives his insights on how surging oil prices and rising energy risk premia are influencing investor sentiment and market dynamics.

Markets may need weeks to fully digest the economic impact of the conflict, with volatility likely to persist as investors weigh geopolitical and financial risks.

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