Australia's Coles and Woolworths sued over fake discount claims

The cost of living crisis has put the grocery chains under increasing scrutiny in the past year.

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The Australian Competition and Consumer Commission (ACCC) claims Coles and Woolworths broke consumer law by temporarily raising prices before lowering them to a value either the same as or higher than the original cost.

Coles said it would defend itself against the allegations, while Woolworths said it would review the claims.

The grocery giants, which account for two thirds of the Australian market, have come under increasing scrutiny in the past year over alleged price gouging and anti-competitive practices.

Prime Minister Anthony Albanese said the alleged conduct, if proven to be true, is "completely unacceptable".

https://www.bbc.com/news/articles/cd982y85wg1o

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