Birdwatch Note Rating
2024-08-15 22:50:42 UTC - HELPFUL
Rated by Participant: 0951C2AE4C63C282A9DF5115A404271C7F57C927040B9B7EF7139110E45586A2
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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