Birdwatch Note Rating
2024-08-16 12:46:34 UTC - HELPFUL
Rated by Participant: 07DDC53ED83F55C73430526DF711BC549A99DEEA6B297CBC0AB17AA782EBEFDB
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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