Birdwatch Note Rating
2024-08-16 05:01:41 UTC - HELPFUL
Rated by Participant: 287F3A52A7B1AD1C96EF26D33E61C7E4D2204B7AB14F13E208437F658E2B4AFF
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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