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Post Info TOPIC: Supermarkets profiteering?


Guru

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Supermarkets profiteering?


Supply issues to supermarkets seems to be easing but I do wonder if Safeway (perhaps others too) have been taking advantage of the supply issue and increased a number of product prices significantly?

A few of the items I buy regularly, and have for some years, have seen price jumps of anywhere from 25% to 50%; now maybe there are good reasons but I just bought one of those items this morning for its usual price of $3 in an IGA in St Arnaud (Vic) rather than the $4.80 Safeway has been charging for the last month or two.

I wonder if the ACCC keeps an eye on such things?



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Guru

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No. 

 

But if there is an unreasonable price increase on your new Maybach they will be onto it like a tonne of gold bars!



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Procrastination, mankind's greatest labour saving device!

50L custom fuel rack 6x20W 100/20mppt 4x26Ah gel 28L super insulated fridge TPMS 3 ARB compressors heatsink fan cooled 4L tank aftercooler Air/water OCD cleaning 4 stage car acoustic insulation.



Veteran Member

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I thought it was just WA because of the empty shelves caused by the east/west rail line being washed out. Examples from our Coles. Nescafé coffee went from $11.50 to $20.00 in one jump. Nuttelex margarine from $3.70 to $4.60. $6.30 for 250g of Cheer burger cheese. Profiteering is too mild a word.



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Guru

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Two years ago at the beginning of this pandemic we joined Woolworths Priority Assistance online shopping (for older shoppers).
That was back when supermarket shelves got stripped for the first time.
Yes Woolies is a big, profit making company & no, we're not stupid enough to think that the sun shines out of their corporate ar*es.
We've been getting regular fortnightly deliveries all through this pandemic which has saved us from''mingling with the masses''.
Each delivery has cost us between $0 to $5.
To be honest, over the past two years we haven't noticed any appreciable rise in prices, maybe one or two, here & there but overall no.




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Senior Member

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Supermarkets have gone nothing on the oil/petrol supply companies. Every and any excuse to raise the price and raise it quickly. Expect it for years to come. They have seen the writing on the walls and know their time is limited and as such, they will suck mega billions of dollars out of us in the time they have left. Those that have vintage, classic, historic or even your daily drive car running in the future today's price might be classed as cheap. Think your supermarket items are dearer now, lets see in 20-30 years time with transport costs. Of course this will all depend on if we are still around then. Might not have to worry about costs of anything.

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Guru

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Corndoggy wrote:

Of course this will all depend on if we are still around then. Might not have to worry about costs of anything.


 Most of us will be long gone & the remainder will be in a Nursing Home being hand fed while dribbling vitamized food.biggrin



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Guru

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From my personal observations of late, this pricing rorte is not only with supermarkets.

Most everything has had a little price rise, particularly since we opened the east of Aus just before Xmas.
How was that for perfect timing for a retailer to find a need to adjust their prices.

*Lets get the shoppers wallets emptied before they notice what we have done.*

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Guru

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Not just supermarkets. The mobile phone I bought in October for $559 is now $599

 



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Procrastination, mankind's greatest labour saving device!

50L custom fuel rack 6x20W 100/20mppt 4x26Ah gel 28L super insulated fridge TPMS 3 ARB compressors heatsink fan cooled 4L tank aftercooler Air/water OCD cleaning 4 stage car acoustic insulation.



Senior Member

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Rob Driver wrote:

From my personal observations of late, this pricing rorte is not only with supermarkets.

Most everything has had a little price rise, particularly since we opened the east of Aus just before Xmas.
How was that for perfect timing for a retailer to find a need to adjust their prices.

*Lets get the shoppers wallets emptied before they notice what we have done.*


 That is a bit cynical Rob, but very true. biggrin biggrin



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Stu



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Rob Driver wrote:

From my personal observations of late, this pricing rorte is not only with supermarkets.

Most everything has had a little price rise, particularly since we opened the east of Aus just before Xmas.
How was that for perfect timing for a retailer to find a need to adjust their prices.

*Lets get the shoppers wallets emptied before they notice what we have done.*


 Yep. Business exists for just one reason,,,profits. Don't believe any of the other nonsense that politicians and the media try to tell you.



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Sta



Guru

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oldbloke wrote:
Rob Driver wrote:

From my personal observations of late, this pricing rorte is not only with supermarkets.

Most everything has had a little price rise, particularly since we opened the east of Aus just before Xmas.
How was that for perfect timing for a retailer to find a need to adjust their prices.

*Lets get the shoppers wallets emptied before they notice what we have done.*


 Yep. Business exists for just one reason,,,profits. Don't believe any of the other nonsense that politicians and the media try to tell you.


 Yes, business's are there to make a profit.

If they didn't make a profit they wouldn't be there for you to spend your money at to buy things that you need.

If they weren't there what would you do?



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Nature, the cathedral of awe.

 



Guru

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I thought it was pretty obvious why prices have risen but hers an explanation:

 

Diesel price increase impacts transport, agriculture and consumers will face higher supermarket prices

https://www.abc.net.au/news/2022-03-14/fuel-price-diesel-regional-qld-agriculture-transport-consumers/100898648



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