Birdwatch Note Rating
2024-08-15 23:23:41 UTC - NOT_HELPFUL
Rated by Participant: 26167B7E543F43A26EE5DA31C80AD3ED416E645563965634C06CC4AACE1F9D28
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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