Australian Food Retailers Face Inquiry Into Alleged Price Gouging

SYDNEY—Australia’s biggest food retailers are facing a parliamentary inquiry into alleged price gouging after the country’s center-left Labor government agreed on Sunday to an investigation amid an ongoing steep jump in the cost of living.

Coles and Woolworths will face the inquiry after Greens senator Nick McKim called for an investigation that would see their chief executives questioned. McKim alleged the supermarket operators had raised prices unfairly.