Greens Push Bill to Cap Supermarket Prices | Auckland News

The Green Party is pushing a bold new law to crack down on supermarket price gouging, arguing New Zealanders are paying too much for groceries while chains rake in millions daily. The bill would let courts and the Commerce Commission decide if prices are “excessive,” requiring supermarkets to prove their pricing is fair — with penalties of up to $10 million or 10% of sales for violations. It’s part of their broader plan to make food affordable ahead of the election, echoing Australia’s recent moves. With the government’s past attempts to introduce competition failing, and even New Zealand First calling for breaking up the supermarket duopoly, this debate is heating up as voters demand real solutions to the cost-of-living crisis. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2a234ba470569929