Birdwatch Note Rating
2024-01-18 21:43:16 UTC - NOT_HELPFUL
Rated by Participant: 5B90BF39944EA846E0FBDEEFA886F87572CCCB52A68288F881A77BFCE79AC4AE
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Original Note:
Although supermarkets overall sales have increased, profits remain the same between 1-3%. Overhead costs to businesses have increased significantly which has had a flow on effect on food prices. https://www.quora.com/What-is-the-average-percentage-margin-that-supermarkets-have-on-their-products#:~:text=The%20profit%20made%20by%20a,to%203%25%20of%20sales%20revenue. https://www.eposnow.com/au/resources/what-are-the-average-grocery-store-profit-margins/ https://amp.smh.com.au/business/consumer-affairs/mixed-bag-how-the-price-of-your-grocery-basket-will-change-in-2023-20230106-p5caqq.html
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