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Coles and Woolworths: The Hungry Beasts

January 28, 2011 by Peter Fletcher

A shopping trolley of groceriesIn the past couple of months floods have destroyed huge swathes of Australian food crops. Already we’re seeing food prices jump as a result.

But wait a minute! Why are retail prices prices rising so sharply?

Let’s say the wholesale cost of fruit and vege goes up by 20 percent I’m betting that retail prices will go up by the same, maybe more. Coles and Woolies in particular are sure to ignore that the wholesale price is only a small part of their overall costs. But I’m betting that’s not the story their spin doctors will tell.

The Australian people are being taken for fools and our politicians are standing by doing nothing.

Wake up Australia!

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Filed Under: Personal, Rants Tagged With: Coles, floods, food prices, Woolworths

Trackbacks

  1. The 5000/365 Report - Sunday Jan 30 | Peter Fletcher. New media strategist. says:
    January 30, 2011 at 9:32 pm

    […] Coles and Woolworths: The Hungry Beasts. I was prompted to write something about grocery price gouging when a mate published a link to a video on his blog. […]

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