Big supermarket profits and your grocery bills

Australia’s dominant supermarkets Coles and Woolworths have returned bumper profits of $1.1 billion and $1.62 billion respectively for the full financial year. So, are shoppers getting a fair deal during a cost of living crisis? Today, Prashan Karunaratne from Macquarie Business School on the market power of the big players and why it might be worth avoiding them altogether. Featured: Prashan Karunaratne, Bachelor of Commerce course director at Macquarie University