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Up! Up! Coles' annual profits are up to $1.1 billion.

And to think the Reserve Bank still acts as though inflation and the cost of living crisis is due to wages (below the rate of inflation) or consumer spending, rather than corporate profiteering.

https://www.theguardian.com/australia-news/article/2024/aug/27/coles-reports-8-surge-in-annual-profit-to-11bn-amid-cost-of-living-crisis

@australia #news #politics #finance #business #auspol #coles #woolworths #capitalism #auspol

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[-] TychoQuad@lemm.ee 2 points 2 months ago

I wish Aldi would come to Tasmania 🥺

this post was submitted on 27 Aug 2024
76 points (97.5% liked)

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