Labor Promises to Outlaw Price Gouging if Re-elected

Potential models for the reform include the excessive pricing laws established in the EU, the UK, and many US states.

Woolworths, Coles and Aldi signage supermarket signage in Melbourne, Australia on March 13, 2024. Asanka Ratnayake/Getty Images

Labor has pledged to outlaw price gouging if re-elected through an excessive pricing regime for supermarkets.

“Australian families deserve a fair price at the checkout and Australian farmers deserve a fair price for their goods,” Prime Minister Anthony Albanese said.