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We have this problem in Australia too. Farmers and suppliers to the big supermarket duopoly are complaining that they have hardly been able to negotiate any rai
by stephen_g 3y ago
We have this problem in Australia too. Farmers and suppliers to the big supermarket duopoly are complaining that they have hardly been able to negotiate any raises in their wholesale price to account for increased costs due to inflation (because the two big supermarket players who control almost the whole market have ridiculous market power and they use it), but the price of a lot of food items in the supermarket has gone up in many cases 20 percent, 30 percent, or even more over the last two years… (while the offical annualised CPI hit a peak of 7.8% one quarter and is dropping, currently back to 4.1%)