Retailers protecting Australian shoppers from dollar pain

 In Australia, NewZealand
Retailers are shielding shoppers from price hikes caused by the weakened Australian dollar, choosing to not pass on the increased cost of some imported goods.
The latest figures from the Australian Bureau of Statistics show the price of all goods imported to the country increased by 3.5 per cent from the start of 2015 to September.
But some products have increased more rapidly, mirroring the dollar’s 19.5 per cent slide over the 12 months to September.
The price of clothing coming into Australian docks increased 18 per cent and footwear increased 20 per cent during that period, according to the bureau’s international trade price indexes. Sydney Morning Herald – Read more…

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