The results of recent research on grocery unit pricing (pricing per standardised unit of measurement) in the United Kingdom have been released by Competition and Markets Authority. The research involved: The Queensland Consumers Association says that many of the results are very relevant to grocery unit pricing in Australia including that: The CMA’s conclusions from…
Read More Results of UK Research on Grocery Unit Pricing Released
Following public consultation on ways to improve price transparency and information about products for consumers, the UK government has announced that it will make several changes.
Read More Consumer Price Transparency and Product Information to be Improved in UK
A lack of transparent pricing information caused a poor understanding by consumers of how prices were set. This was significantly worsened by a lack of competition. While market concentration was a major issue, the inquiry found prices in Australia are way higher than in many other less competitive markets.
Large price increases occurred across many sectors.
Read More Supermarkets, airlines and power companies are charging ‘exploitative’ prices despite reaping record profits
The Senate has established a Select Committee on Supermarket Prices, to inquire into and report on the price setting practices and market power of major supermarkets.
The committee is seeking submissions that address the terms of reference by Friday, 2 February 2024 and the committee’s final report is due by 7 May 2024.
Read More Submissions Open for Senate Inquiry into Supermarket Prices
As a result the UK government included possible unit pricing reforms in a consultation document “Smarter Regulation: Consultation on Improving Price Transparency and Product Information for Consumers” released in September (available here) and is now considering stakeholder responses.
Read More UK Government Considering Reforms to Improve Unit Pricing
QCA spokesperson, Ian Jarratt says manufacturers use shrinkflation to make “sneaky” price increases and improve or maintain their margins because most shoppers are more aware of, and sensitive to, higher selling prices than reductions in the amount in packages.
Read More Call for Supermarkets to Help Shoppers Spot Package “shrinkflation”
The latest edition of the Queensland Consumers Association’s (QCA) newsletter Unit Pricing Global Update (found here) contains information about unit pricing in several countries including in: QCA spokesperson, Ian Jarratt says that in Canada the Competition Bureau and the parliamentary committee’s recommendations on grocery unit pricing are important not only for consumers in Canada (where…
Read More Global Update on Unit Pricing
The Queensland Consumers Association’s submission (#56) to a House of Representatives Inquiry says changes are needed to the grocery unit pricing (pricing per unit of measure) system to make it much easier for consumers to compare grocery prices and values.
The submission also strongly supports the Consumers Federation of Australia’s submission to the inquiry which includes support for demand-side initiatives to promote competition and recommendations on unit pricing.
Read More Submission to House of Representatives Inquiry calls for improvements to grocery unit pricing
New Zealand has passed Regulations that require many instore and online grocery retailers to provide the unit price (price per standard unit of measure) for most products sold.
However, for instore retailers the Regulations will only come fully into force in August 2024 and for online retailers in August 2025.
Read More New Zealand Starts to Implement Mandatory Grocery Unit Pricing
“To assist consumers with the cost of living crisis and the high rate of grocery price inflation, the ACCC and the Federal Government should follow the UK’s example and take action now to substantially improved the quality of the unit pricing provided by Australian grocery retailers and to improve the Grocery Unit Pricing Code administered by the ACCC.”
Read More Regulator acts to improve grocery unit pricing in the UK
The Queensland Consumers Association (QCA) wants action now from the Australian Competition and Consumer Commission (ACCC) and the Albanese government to make it much easier for consumers to manage the cost of living and grocery price inflation crises by getting better value when shopping for groceries. QCA’s spokesperson, Ian Jarratt, says the results of a…
Read More Urgent action needed to help grocery shoppers save money
CHOICE shares tips to combat rising grocery bills with unit pricing New data from CHOICE has found 44% of Australian shoppers surveyed are using unit pricing to reduce their grocery spending amidst the rise in cost of living. “With cost of living prices continuing to rise, everyone is on the lookout for ways to save…
Read More New data reveals 44% of Australian shoppers surveyed are using unit pricing to reduce grocery spending