Birdwatch Note Rating
2024-08-15 23:37:38 UTC - HELPFUL
Rated by Participant: 7DC2C8D92E3057B443B33B9B464B52FDBBF106718A6F9E804FBA30EE21B40B3B
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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