Birdwatch Note Rating
2024-08-17 07:56:44 UTC - NOT_HELPFUL
Rated by Participant: 2D11F4ADAAAEE1A20F8C17B23CBFE50CEFA284B9D90C07FEC0E7B56D7723491B
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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