Birdwatch Note Rating
2024-08-16 12:02:41 UTC - HELPFUL
Rated by Participant: 974A6EDC257A9AF5CF7DF34CEB6FC324A22CD23EAC528978BBC5220F70FC3D16
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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