Birdwatch Note Rating
2024-08-17 01:04:53 UTC - HELPFUL
Rated by Participant: 1E66A4918CC9497F03D16CAA7BF014CD2AFEE655486825AC2BC82E6AAE8DEC0C
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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