Aussies urged to speak out over supermarket prices

Aussies have been urged to speak out against the country's major supermarkets and electricity companies over alleged price fixing.

The Australian Competition and Consumer Commission (ACCC) has suggested that major stores like Coles and Woolworths are potentially causing damage to the overall economy by consistently trying to undercut each other in order to attract more credit and debit card transactions.

While this is good news for the Aussie on the street, the ACCC argued that the issue is having a negative impact on farmers and suppliers.

Leader of the organisation Rod Sims said that reports of price fixing were always coming in, but more evidence was needed before the ACCC can act.

"And if we can get a number of people talking to us in a confidential sense, then we can build up a case. It is an issue we want to put to bed in 2012," he remarked.

Despite the apparent low prices being offered by Aussie retailers, it seems the country is still one of the most expensive places to live.

The latest Cost of Living Survey indicated that Melbourne and Sydney are among the top ten least affordable cities in the world.

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