Coles and Woolworths Face Scrutiny Over Tim Tam Prices

Coles and Woolworths executives faced scrutiny from Liberal Senator Jane Hume regarding the high price of Tim Tams in Australia, which retail for $6 compared to approximately $4.86 in the UK. Hume questioned why a product manufactured in Sydney would be more expensive locally, highlighting the perceived discrepancy considering freight costs. Woolworths Chief Commercial Officer Paul Harker stated that the pricing issue is tied to Arnott's pricing strategy, as they set a recommended retail price that local supermarkets must follow. Both supermarket representatives emphasized their lack of insight into Arnott's pricing arrangements with international retailers. An Arnott's spokesperson countered claims about high prices, stating that the average price paid for Tim Tams in Australia over the last year was actually lower than in the UK, at $3.15. The inquiry reflects ongoing concerns about grocery pricing and consumer costs in Australia.