Cost-of-living caucus meeting
This week, the Prime Minister, Anthony Albanese, held a Labor caucus meeting to discuss policies to address the cost of living. ³Ô¹ÏÍøÕ¾ Seniors put forward a media release to raise several key issues in the lead-up to the meeting, which you can read .
Our CEO, Chris Grice, also spoke to several radio stations about the impact of the cost of living on seniors. You can listen to those interviews .
³Ô¹ÏÍøÕ¾ Seniors Australia and the Queensland Consumers Association (QCA) are calling on the Federal Government to review unit pricing rules, including strengthening the Australian Competition and Consumer Commission’s power to enforce unit pricing rules to help consumers make better choices at the supermarket.
³Ô¹ÏÍøÕ¾ Seniors chief executive officer, Chris Grice, said a of almost 6,000 older people revealed that the cost of groceries is one of their biggest cost-of-living concerns, especially among those who rent or are relying on the pension.
“Consumers everywhere are feeling the pinch but for many older Australians, being able to afford basic essentials is increasingly difficult and comes at the expense of other necessities,” Mr Grice said.
“We recently heard from a member who grocery shops once every three weeks, buys ‘seconds’ fruit and vegetables, only small amounts of cheap cuts of meat, and mainly eats chicken or fish to save money.
“Anything non-essential, such a packet of biscuits, doesn’t go into her trolley.”
Mr Grice added, “The time to ease cost-of-living pressures at the supermarket checkout is now.
“A simple, cost-effective and consumer-effective way to do this is to make it easier for shoppers to compare the unit price of items instore and online and help them make sure they’re receiving the best value for money.”
QCA consumer advocate, Ian Jarratt, said grocery shoppers can achieve significant savings by comparing unit prices and being prepared to change pack size, brand, and package verse loose.
“However, the unit price of many grocery products can be difficult to notice because of where it’s placed, difficult to read because of the font size, difficult to understand because different units of measure are used for similar products and unit prices are not always displayed,” Mr Jarratt said.
“These difficulties greatly reduce the number of consumers who use unit pricing to compare prices, the frequency of use and the much-needed savings shoppers could be making.
“This is despite the ACCC-administered mandatory Grocery Unit Pricing Code that requires retailers to provide unit prices that are prominent, legible, and close on the selling price.”
³Ô¹ÏÍøÕ¾ Seniors and the QCA said the solution is simple – to ensure all unit prices covered by the code are easy for all consumers to notice, read and understand, and use in-store and online.
For example, shoppers should not have to bend very far to read small print unit prices of products on the lower shelves – which they must do in many supermarkets now.
The code should be independently reviewed and better enforced by the ACCC, which should have the power to prosecute retailers.
“More effective unit pricing of groceries would empower grocery shoppers to help themselves to reduce cost of living pressures,” Mr Jarratt said.
“It would also increase competition in the grocery sector. Value shopping should not, and need not, be that hard.”
