Birdwatch Note Rating
2024-08-16 15:07:01 UTC - HELPFUL
Rated by Participant: 88AAE0E0AAC77221D011B13F818B3DFC0E27C0584E4500E363FEA6E2551E7EAB
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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