Birdwatch Note Rating
2024-08-16 00:41:37 UTC - HELPFUL
Rated by Participant: 537B11B4FC091D84F508D88B0DB74D871AB3C685FD248976BD8BC3091636D2AA
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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