New report questions the causes of inflation
Professor Allan Fels at the National Press Club in Canberra, Wednesday, February 7, 2024. A report by Allan Fels found that rising prices were not just caused by true inflation but often by greed, corporate gouging and "profit pushing" by companies with too much market power. (AAP Image/Mick Tsikas) NO ARCHIVING Source: AAP / MICK TSIKAS/AAPIMAGE
Inflation is often blamed for high cost of living expenses - but a report commissioned by the Australian Council of Trade Unions says that the opposite is also true. Former Australian Competition and Consumer Commission chair, Professor Allan Fels, has released his report on price gouging and unfair pricing practices in Australia.
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