Birdwatch Note Rating
2024-08-16 00:43:44 UTC - HELPFUL
Rated by Participant: 6F5C240FBAFA7330FA5F0436D33A36006473CDE78C7FE3BB876B8465B85A06BF
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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