Birdwatch Note Rating
2024-08-16 01:05:53 UTC - HELPFUL
Rated by Participant: 2072C22BD811E7CC27052AE70341F795F006D4A868793E8DCCC7CCD4C416F5D7
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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