Birdwatch Note Rating
2024-08-17 01:32:40 UTC - HELPFUL
Rated by Participant: 0A2224202ACCC522DA27704FF068DF29E4DDB45BE0B156C8FB0B7720A8639A40
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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