Australian authorities legal action on pricing strategies that drove up consumer prices ...Middle East

I guess the interest in this for traders of Australian financial markets (not to mention those trashing the share price of the two supermarket chains) is it may end up trimming inflation. That's me thinking out loud, we'll see. Australia's consumer watchdog, the Australian Competition and Consumer Commission (ACCC), has accused Australia's two largest (by far) supermarket chains of misleading Australians on pricing of many products:"in the case of these products, we allege the new ‘Prices Dropped’ and ‘Down Down’ promotional prices were actually higher than, or the same as, the previous regular price. “We allege that each of Woolworths and Coles breached the Australian Consumer Law by mak

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