Birdwatch Note Rating
2024-08-16 12:36:17 UTC - HELPFUL
Rated by Participant: 8F1099170135C3F290A26221EF6F3C0EB38DFCF70E958E4A63F283153C048C36
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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