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The Guardian - AU
The Guardian - AU
National
Antoun Issa

Afternoon Update: Australians overcharged across industries; right to disconnect from work laws a near certainty; and what’s in household dust?

A composite image of signage of Australia's 'big four' banks ANZ, Westpac, the Commonwealth Bank (CBA) and the National Australia Bank (NAB)
Australians are continuously overcharged and subjected to ‘profit push’ pricing by major corporations enjoying scant competition, an inquiry has found. Photograph: Joel Carrett/AAP

Good afternoon. Australians are being continuously overcharged, resulting in higher inflation and intensifying cost-of-living pressures, according to findings of a price gouging inquiry. A major part of the problem is the lack of competition in key markets, such as banks, supermarkets and airlines.

The report is in keeping with Guardian Australia analysis that found the major supermarkets increased their profit margins even as living costs surged.

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