Sanjoy Paul

The increasing availability of Chinese brands is making the Australian market more competitive, forcing major brands like Tesla to reduce prices.

Expanding the Future Made in Australia program to include other critical industries such as agriculture, food processing and health manufacturing and their supply chains will enhance Australia’s economic resilience and security.

An inquiry found inflation, questionable pricing practices, a lack of market competition and unrestricted price setting by retailers are to blame for fuelling the increases.

Allegations of price gouging by Australian supermarkets have even led to a Senate inquiry into supermarket pricing.