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

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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Aradina [She/They]@lemmy.ml
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2 months ago
Yeah, same. When I can, I go to Aldi, but I often can’t and am stuck with a Woolworths. Total bullshit.

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