How are retailers exploiting the rapid test shortage?

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Retailers Reportedly Selling Rapid Antigen Tests at Inflated Prices Amid Shortage

Reports indicate that some retailers are exploiting the current shortage of rapid antigen tests (RATs) by selling them at significantly inflated prices. The country's consumer watchdog has received information detailing instances where these essential tests are being offered to the public for approximately US$22 (RM92.22) per unit. This practice has emerged as a concern during a period of high demand and limited supply for RATs.
Reports of Price Gouging Received by Consumer Watchdog

The Australian consumer watchdog has been alerted to retailers engaging in price gouging for rapid antigen tests. These reports suggest that individual tests are being sold at a price point of around US$22. This contrasts with the intended accessibility of such tests, particularly during a public health crisis.
Broader Context of Test Scarcity

The alleged price gouging by retailers occurs against a backdrop of a severe nationwide shortage of rapid antigen tests. This scarcity has been a significant point of frustration for the public, as highlighted by Premier Dominic Perrottet, who condemned the theft of 42,000 tests from a Sydney freight depot as a "disgraceful act." The government has indicated plans to import up to 52 million rapid tests this month to alleviate the supply issues.

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How are retailers exploiting the rapid test shortage?

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