Birdwatch Note Rating
2024-08-15 23:47:54 UTC - HELPFUL
Rated by Participant: 1D0BCF6E2E9B60A48F9BF7163B92B76D5D0D962F93445C1D4827AA11F1EF50C8
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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