Why prices are so high – 8 ways retail pricing algorithms gouge consumers

By David Tuffley, Senior Lecturer in Applied Ethics & CyberSecurity, Griffith University

The just-released report of the inquiry into price gouging and unfair pricing conducted by Allan Fels for the Australian Council of Trades Unions does more than identify the likely offenders.

It finds the biggest are supermarkets, banks, airlines and electricity companies.

It’s not enough to know their tricks. Fels wants to give the Australian Competition and Consumer Commission more power to investigate and more power to prohibit mergers.

But it helps to know how they try to trick us, and…

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