Birdwatch Note Rating
2024-08-16 13:38:26 UTC - HELPFUL
Rated by Participant: 64A3F342E7344A245AA7A1845FD8358394E8117B81D7F151932F9F286CF8E56F
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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