Birdwatch Note Rating
2024-08-16 05:50:00 UTC - HELPFUL
Rated by Participant: 0CE1E83C8E717DE46FC44C334C4CB6A559D62A1749ADB9E1620701FCD400FC4B
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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