Daniel James

Judge Michael O'Brien will rule on a similar case against Woolworths at a later date.

You can find out more on the supermarket's dodgy practices and the implications of this decision for shoppers in Tuesday's episode of 7am with Greg Cherico.

I'm Daniel James.

Thanks so much for listening.

We'll be back tomorrow.

I'm Daniel James and you're listening to 7am.

Tim Tams and Tiny Teddies aren't usually the stuff of federal court cases, but product by product, dollar by dollar, the ACCC has been building its case against supermarket giants, Coles and Woolworths, over what it claims were fake discounts.

Now both cases have wrapped and the judge is reviewing the evidence.

With inflation and grocery prices soaring, the timing couldn't be more crucial.

Today, Chief Economist at the Australian Institute, Greg Jericho, on the case against the supermarket giants and its implications for Australian shoppers.

It's Tuesday, May 12th.

Greg, the ACCC has now wrapped its case against Woolworths.

The judge is due to hand down his findings against both Woolies and Coles later this year.

Can you start by reminding us what the supermarket giants were accused of?

So what was Woolworths' defence to these allegations?

What happens if the ACCC wins this case?

What will it mean for Coles and Woolworths?

And what are the implications more broadly?

I'm tipping Greg, this is probably one of the biggest cases the ACCC has sort of brought forward.

What are the chances of the supermarkets losing, though?