Birdwatch Note Rating
2024-08-16 00:52:25 UTC - HELPFUL
Rated by Participant: 06D173CC8759BA595B91A6BF95AF5E9D7253B5FF4BBCEC8FA74905D3934C6FF4
Participant Details
Original Note:
There is no notable price gouging in these industries. According to the most recent data available from NYU (January 2024,) the average net profit margin in the retail grocery and food industry was 1.18%. The recent food prices have been due to high labor prices, not profit. https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html?nofollow=true
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