Birdwatch Note Rating
2024-08-19 16:32:40 UTC - NOT_HELPFUL
Rated by Participant: 0A25FC959636F92DC0EE2795616CE8AFD99C8889059589257EB5CB3DE1B2E495
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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