05/02 Indices, page-62

"Price gouging is everywhere, on everything, all at once

Prices move like rockets and feathers – they’re quick to rise and slow to fall – which is why Australians are paying so much for even bare necessities, a report has found.Supermarkets, electricity companies, childcare centres, airlines, pharmaceuticals, electric vehicle makers and banks are among the many sectors that overcharge consumers by leveraging a lack of competition and implementing a plethora of exploitative practices.

That’s the verdict of leading economist and ex-chair of the Australian Competition and Consumer Commission Professor Allan Fels, who produced the 80-page report into price gouging and unfair pricing for the ACTU."

https://www.aap.com.au/news/price-gouging-is-everywhere-on-everything-all-at-once/