Prices at IGA supermarkets will come under closer scrutiny in future taxpayer-funded research, Competition Minister Andrew Leigh says, after a new report on prices at Woolworths, Coles, and Aldi considered just four independent grocers.
The federal government has supplied consumer advocacy publication CHOICE with $1.1 million to produce quarterly analyses of supermarket pricing over the next three years.
Its first edition, released Wednesday, shows a basket of 14 items costs an average of $69.33 at Coles stores nationwide, and $68.58 at Woolworths.
A comparable basket of items comprised of Aldi products cost $51.51.
The 25% price difference between Coles and Woolworths compared to Aldi — and the small gap between prices at Coles and Woolworths themselves — is useful information for consumers, Leigh said.
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