Birdwatch Note Rating
2024-08-16 03:50:37 UTC - HELPFUL
Rated by Participant: 0EA0A6C9CDD8CB8FBF2B3A44CA8361C05EBC207E89735B66DD8A759294B389EF
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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