Birdwatch Note Rating
2024-08-16 00:09:03 UTC - HELPFUL
Rated by Participant: 3F67CC435EA82F3D703ED89E5CD78E53F1212668419816AC1E1CB4EBB3E158A3
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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