Birdwatch Note Rating
2024-08-15 23:35:58 UTC - HELPFUL
Rated by Participant: 4768A22959DCD434207868CEAF091BF2BF2B372E9C582FE2DB0C777E128CFC77
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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