Birdwatch Note Rating
2024-08-17 00:39:58 UTC - NOT_HELPFUL
Rated by Participant: 4FDD313E92778233DB097A324732B2B87B17D799B22A317F95285E6083AAA4CC
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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