‘Colesworth’ Named Australian Word of the Year Amid Supermarket Scrutiny
The term highlights public frustration with the perceived duopoly of Coles and Woolworths as cost-of-living concerns rise.
- The Australian National Dictionary Centre chose 'Colesworth' as the 2024 Word of the Year, reflecting public discontent with the dominance of Coles and Woolworths.
- The term 'Colesworth' is a portmanteau criticizing the perceived lack of competition between the two supermarket giants.
- Recent investigations by the Australian Competition and Consumer Commission into pricing practices have intensified scrutiny of these supermarkets.
- Public sentiment has soured as consumers face rising prices while the supermarkets report significant profits.
- Other notable words shortlisted for the year included 'breaking', 'climate trigger', 'ute tax', and 'YIMBY'.