Birdwatch Note Rating
2024-08-16 16:45:29 UTC - HELPFUL
Rated by Participant: 3352E2C13D6013A850C992310F583FAF6B8CCBFB01DB9F7387E6E0DD5AC90E2A
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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