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AAP
AAP
Business
Kat Wong and Poppy Johnston

UNCOVERED: Price setting missing in the inflation story fels | History Defined

Allan Fels Inflation Jim Stanford
Allan Fels has promised to get to the bottom of what's driving prices of essential household items. (Bianca De Marchi/AAP PHOTOS)

Price-setting is the missing piece in Australia's high inflation and cost-of-living story, an inquiry has heard.

Former Australian Competition and Consumer Commission chair Allan Fels kicked off a union-commissioned review into price-gouging on Thursday by stressing the importance of hearing from multiple voices, including consumers.

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