Australia Bans Supermarket Price Gouging

Australia is making a new law to stop supermarkets from charging too much for groceries.

This law will start on July 1 and will make it illegal for big grocery stores to charge prices that are too high compared to what it costs them to get the products.

The government says this will help families save money on their weekly shopping.

If supermarkets break this law, they could have to pay big fines.

The government is also giving more money to the group that checks if companies are following the rules.

Some supermarkets, like Coles and Woolworths, say they are already trying to keep prices low and that the new law might make prices go up instead.

The law only applies to two big Australian-owned supermarkets, not to larger foreign-owned ones.

Some people who work with retailers think the new law might not help and could make grocery prices higher.