Birdwatch Note Rating
2024-08-16 02:11:56 UTC - HELPFUL
Rated by Participant: 134538534E512C39A74EC76C370EEA533C0D083313BB2ED7CA9F14CB42132E67
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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