Birdwatch Note Rating
2024-08-16 00:30:02 UTC - HELPFUL
Rated by Participant: 69C5B2F85CA0538EF0BB88D8A4D1542D8ED8D30BDF9DABCC42E64D8CB7786E95
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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