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flag Australian report accuses major supermarkets of overcharging, contributing to inflation.

flag The Australian Competition and Consumer Commission (ACCC) report indicates that major supermarkets Coles and Woolworths, which control two-thirds of the market, are overcharging consumers, leading to higher profits despite increased costs. flag The findings highlight issues with market dominance and its impact on inflation, though major political parties have been hesitant to take action. flag The report suggests the current economic model may not fully account for the effects of oligopolies on prices and cost of living.

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