Birdwatch Note Rating
2024-08-16 17:21:18 UTC - HELPFUL
Rated by Participant: 7E0495F3582E3C3A2F64FC43FFEF361B9CB8B07251AAC2CA5CF964F1ACD8251F
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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