ACCC Chair Rod Sims says the consumer watchdog has received “extremely concerning” reports of excessive pricing for rapid antigen tests and is asking stores to explain their reasoning.

“Many of the reports are between $20 and $30 which is concerning,” Mr Sims said on Monday.

“We’ve had a number of reports well above $30 which, of course, is just beyond outrageous.

“The wholesale prices we’re hearing about are anywhere between $3.95 and say $7-8 – sometimes those prices go up to $11.45 – but you can see when the bulk of the wholesale pricing is between say $4 and $8 that the pricing between $20 and $30 is extremely concerning, and as I say above $30 just beyond outrageous.”

“We have already written out to a range of chains to get them to explain their pricing, and we’re also writing out to individual stores to get them to explain their pricing.”

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