Italy Down Under

.A competition law expert says grocery prices have risen faster in Australia than they have in most major industrialised countries. Using OECD figures, Professor Frank Zumbo from the University of New South Wales has found that prices have risen 41. Professor Zumbo says it is not so much the drought, but a lack of competition in the supermarket sector that is the root of the problem.3 per cent since the start of 2000. “The evidence is clear that where you have like an Aldi in a local area, where it’s just Coles and Woolworths grocery prices are higher. “Compared to other countries, Australia’s paying some of the highest levels of food inflation, that means consumers here are paying more than they should, they’re paying more that they should because there’s less competition,” he told the ABC [...]