Birdwatch Note Rating
2024-08-16 01:23:52 UTC - HELPFUL
Rated by Participant: 941A25AEA43303AC621A9255E388D63FB0B9EAA9B9103EDDAA8EE96F7EF2D5F1
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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