Australian supermarkets' executives questioned about Tim Tam biscuit price disparity between Australia and London, attributed to inflationary pressures.
Executives from Australia's Coles and Woolworths supermarkets faced questions from Senator Jane Hume regarding the higher prices of Tim Tam biscuits in Australia compared to their lower cost in London. They attributed the price difference to inflationary pressures on suppliers, referring the issue to biscuit manufacturer Arnott's. Arnott's explained that promotional strategies help keep prices competitive, while ongoing scrutiny from regulators addresses potential misleading pricing practices.
October 11, 2024
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